I agree with previous poster. CSE is not a windows and orphans stock. Nor are the other BDCs. Josh went a tad overboard and wasn't taking care of his audience. On the other hand, I would like to see what he would come up with for the "high yield/medium risk" investor. CSE fits the profile, which is why I own a lot of it.
It just seemed to be a rather abrupt about-face. I'm not necessarily blaming Josh, I get the feeling Morningstar got spooked by market developments and went into a defensive crouch. But of course that's speculation on my part.
I agree the change of heart was pretty abrupt, although he'd speculated earlier about a dividend cut. He admitted he "blew it" on MMA and I don't think he wanted two of those in a row. Still a good analyst with a different take on the market.