BKCC - BlackRock Capital: An Income Investor Nightmare But With A Good BDC Investment Portfolio Structure
- BlackRock Capital continues to restructure its investment portfolio towards safer secured loans.
- The company trades at a 10% discount to NAV but it is still not undervalued enough for growth investors.
- The management has no sustainable dividend policy with 5 cuts in the last 10 years and no increases.
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BlackRock Capital: An Income Investor Nightmare But With A Good BDC Investment Portfolio Structure