GBDC - Golub Capital: Q2 Proves Again That The Value Is There

2024-05-08 21:21:56 ET

Summary

• Golub Capital BDC has delivered strong quarterly results yet again.
• Despite the recent run-up in the share price, the fundamental dynamics at the portfolio level indicate that the value potential is still there.
• In this article, I elaborate on the key elements of Q2, 2024 report and share my investment stance on GBDC.

This will be my third article on Golub Capital BDC ( GBDC ) since the publication of my initial bull thesis back in late 2023. After I issued the first article, I made a follow-up piece assessing Q1, 2024 performance, which clearly confirmed the identified strengths of GBDC and its cash generation power to accommodate stable dividends going forward....

For further details see: