OCSL - Oaktree Specialty Lending: Plenty Of Reasons To Remain Bullish
2024-06-13 17:03:34 ET
Summary
- Oaktree Specialty Lending Corporation's share price has continued to underperform the BDC index after my updated bull thesis earlier this year.
- On the surface, such flat performance might seem justified.
- Yet, if we peel back the onion a bit, we will notice that the underlying dynamics remain strong.
- In this article, I explain why I remain bullish on Oaktree even against the backdrop of a slight drop in the adjusted NII and underperforming share price.
In March this year I wrote a follow-up article on my initial thesis on Oaktree Specialty Lending Corporation (OCSL) arguing that it was the right moment for long-term investors to capitalize on the temporarily depressed share price....
Oaktree Specialty Lending: Plenty Of Reasons To Remain Bullish