GECC - Great Elm Capital: 3 Reasons Why This 14% Yield Could Become A Decent Income Play
2024-06-26 11:00:00 ET
Summary
- Great Elm Capital Corporation could be a great portfolio addition for investors seeking income in the short to medium term.
- GECC has been making portfolio improvements, strengthening their balance sheet, and has solid dividend coverage during their latest quarter.
- Despite some risks, GECC has been improving their fundamentals, which could make the potential long-term investment successful.
- I ultimately rate GECC a hold due to the risks stated throughout this article.
- Different factors like age play a huge part in whether one wants to invest for the short or medium term.
Introduction
Most that follow my work here on Seeking Alpha probably know I invest with the intention to hold for a long period of time. Unfortunately, it doesn't always work out that way for whatever reason.
I'm sure other investors can relate. I constantly preach a quality over quantity approach, but realize every investor has a different goal on their investment journey. Some factors play a huge part in this, like age, and investment strategy, etc....
Great Elm Capital: 3 Reasons Why This 14% Yield Could Become A Decent Income Play