BDCs are getting absolutely hammered.
- Interest rates falling
- Exposure to software companies
That's a tough combination of issues for these companies to manage.
Popular BDCs like $ARCC are now trading at their lowest valuation in the last 3 years, giving $ARCC a starting yield of over 10%.
Is this valuation justified?
- Interest rates falling
- Exposure to software companies
That's a tough combination of issues for these companies to manage.
Popular BDCs like $ARCC are now trading at their lowest valuation in the last 3 years, giving $ARCC a starting yield of over 10%.
Is this valuation justified?
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