Why I Sold This 11.1% Yielding BDC That Could Now Be A 'Buy' [Seeking Alpha]
FS INVESTMENT CORP (FSIC)
Last fs investment corp earnings: 11/7 04:15 pm
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US:NYSE Investor Relations:
fsinvestmentcorp.com/investor-relations/presentations-and-reports
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Source: Seeking Alpha
Summary Recent BDC Pricing Volatility Readers may have noticed the recent volatility in BDC pricing over the last two weeks. Please see BDC Market Update: October 9, 2018 that discussed current yield spreads, sector oversold/overbought measures, and recently improved BDC fundamentals including higher portfolio yields, improved net interest margins, improvements in underlying general economic fundamentals including unemployment rate, labor force participation, consumer consumption and corporate earnings. However, I am expecting temporarily lower BDC prices for the reasons discussed in the update including widening of rate spreads and general market volatility driving 'flight to safety'. As you can see, the average BDC yield is currently trending higher : Source: SEC Filings and BDC Buzz.com As mentioned in Upcoming BDC Dividend Cuts For Q3 2017 , I previously sold shares in FS Investment Corp. ( FSIC ) due to the predicted dividend reductio
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