I want to give a special thanks to my amazing channel members Chester Bean, Clownan Around, Antonio Cagalj, Phui Hong Kok, Juan Ramos, Sara Kim, James Anderson, Peter Brown, Steve Baldwin, and Angie Molini. Your support means so much to me.

Welcome to Part 2 in my two-part BDC or Business Development Company investing series. If you have not already watched part 1, please make sure you watch that first because this video builds upon it. In my first video I began my analysis of three BDCs I currently have in my portfolio. Those BDCs are Main Street Capital Corporation, ticker MAIN; Gladstone Investment Corporation, ticker GAIN; and Ares Capital Corporation; ticker ARCC. Two of these, MAIN and GAIN pay a monthly dividend and have also paid special dividends. In Part 1 I explained what a Business Development Company or BDC is, a summary of how to analyze one, and a comparison of MAIN, GAIN, and Ares looking at dividends and price performance as well as NAV, NII, the non-accrual ratio, and weighted average portfolio yield. If you have no idea what one or more of those things are, then please go back and watch Part 1! In today’s vide, I go further into each of these three companies, their specific portfolios, their diversification, their historical returns, their valuation, and which I plan to sell and which I plan to buy. I will also discuss the pros and cons for the sector right now and what I will be watching in terms of the economy as I move forward with my investments in BDCs. Make sure you subscribe so you never miss a future video, and hit the like button because these videos take me an enormous amount of time to create. Now let’s get started!

This video analyzes the BDCs Main Street Capital Corporation, ticker MAIN; Gladstone Investment Corporation, ticker GAIN; and Ares Capital Corporation; ticker ARCC. We examine in this video NAV (Net Asset Value), NAV per share (NAV/Shar), price per NAV (price/NAV), NII (net investment income), DNII (distributable net investment income), the non-accrual ratio (non-accruing loan ratio), and weighed average portfolio yield. We also discuss dividends, dividend yield, dividend growth, market cap, moat, valuation, analyst forecasts, earnings, earnings growth, sales, revenue, sales growth, debt, credit ratings, and dividend income. Each of these three BDCs are currently in my dividend portfolio. My dividend growth portfolio is described in some of my other videos.

What do you think? Are you investing in BDCs? Which of these three is the best which would you rank the worst? Leave your thoughts in the comments below. I look forward to hearing from you. Don’t forget to hit the like button and as always, good luck with your investing!

Used in this video:
www.Fidelity.com
www.fastgraphs.com

DISCLOSURE: I am long MAIN and ARCC but am considering the sale of GAIN at the time I made this video.

DISCLAIMER: All information and data on this YouTube Channel is solely for entertainment purposes. The information herein is based solely on my personal opinion and experience. All investments hold inherent risk, and the information provided on this YouTube Channel should not be interpreted as guidance, recommendations, offers, advice, or suggestions. Any ideas and strategies discussed on this channel should not be implemented without first considering your financial and personal circumstances or without consulting a financial professional.

#MAIN #GAIN #ARCC