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Stock impact report

Blackstone Secured Lending: Why I Am Buying The SaaS Crash [Seeking Alpha]

Blackstone Secured Lending Fund (BXSL) 
Company Research Source: Seeking Alpha
BXSL's non-accrual percentage remains at a market-leading 0.5%, despite a sequential uptick, indicating exceptional credit performance despite recent market pressures. Excess dividend coverage has narrowed to $0.03 per share, but a dividend cut is currently unlikely. Software and SaaS exposure concerns are likely overrated, as the Q4 earnings season for BDCs showed robust results for major BDCs. I am capitalizing on the recent sector rerating, aggressively adding top-tier BDCs like BXSL, ARCC, OBDC, and HTGC. Phiwath Jittamas/iStock via Getty Images Blackstone Secured Lending ( BXSL ) has proven its value over time to BDC investors with consistent asset quality and strong NII coverage, but the investment firm could not resist the downward pull in the market This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of BXSL, ARCC, OBDC, HTGC either through stock ownership, options, or other derivatives. I wrote this article mysel Show less Read more
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