MAIN - Main Street Capital: Still Plenty Of Reasons To Own This BDC
2024-06-24 23:17:29 ET
Summary
- Since the publication of my bullish article on Main Street Capital, the BDC has outperformed the sector.
- This is a bit of a surprise to me given that my expectation was that MAIN as a de-risked BDC would lag the index in the environment of a beta-push.
- However, if we assess the recent quarterly results more deeply, we will quickly recognize that it is only logical that MAIN has outperformed the BDC sector.
- In this article, I elaborate on Q1 results and explain why I remain bullish on MAIN.
This year in April, I issued a relatively bullish article on Main Street Capital ( MAIN ) - Main Street Capital: One Of The Best Ways To Play Defense In BDC Space . As the title implies, the justification behind my optimistic stance on MAIN was its defensive characteristics that makes the dividend stable and predictable....
Main Street Capital: Still Plenty Of Reasons To Own This BDC