ARCC - FS KKR: The Recovery Has Just Started And The Upside Is Still Huge
2024-05-10 05:20:17 ET
Summary
- Going into 2024, I made a detailed analysis comparing FSK with ARCC. The conclusion was that while both are attractive investment choices, FSK is better positioned to deliver superior return.
- So far, on a YTD basis, FSK's performance has been weak, mostly due to rising non-accruals.
- Yet, FSK's Q1 2024 earnings report shows strong operating and portfolio performance, with improving dynamics and stabilization of non-accruals.
- In this article I dissect the most recent earnings report and explain why I still remain bullish on FSK.
As we entered 2024, I wrote an article - The Battle Of Two Goliaths: Ares Capital Vs, FS KKR, Which One Will Win In 2024? - comparing two largest BDCs with an aim to determine, which one of them will deliver superior returns in 2024....
FS KKR: The Recovery Has Just Started And The Upside Is Still Huge