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Highwoods Properties Inc. Message Board

almo111 1 post  |  Last Activity: Jun 25, 2014 9:15 AM Member since: Dec 22, 1997
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  • At best junk bond mutual funds yield 6%. Moreover the current default rate is about 2%. During economic
    contractions the losses were in the 4% range. I really look at BDC's as a leveraged bond fund made up of mostly smaller private companies. On balance,the default rate of BDC's has been less than junk bond funds.
    I contend that apples to maybe oranges that BDC's offer considerably more total return potential than Junk Bonds. Moreover at current prices I think BDC's may very well out perform the S&P over the next 5 years.

    I own about 60,000 shares of PSEC...most shares were purchased 3 - 4 years ago and I added to my position in the $10.20 area. of the current downturn. There is a leveraged etf, (2 to 1) BDCL is the symbol. Yields over 16%, I own this also and for the adventuresome it's a great buy here if you are bullish on the group. The index selling and short term negative news will be long forgotten 6 month from now.PSEC should be trading at 10.75 - 11 a share For sure it will be there by year end.

    Sentiment: Strong Buy

HIW
42.53+0.16(+0.38%)Jul 22 4:04 PMEDT

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