GAIN - You Can't Ignore The Discount On BlackRock Capital Investment Corp.

Investment Thesis

At a 15% yield, BlackRock Capital Investment (BKCC) adequately compensates investors for the risks inherent in investing in the US middle market. The company is trading at a 54% discount from its already comparatively conservative reported NAV of $4.84

The coverage ratio, as well as the status of the portfolio, indicate that the company will be able to maintain its dividend distribution in the coming quarters, opening a rare opportunity for double-digit gains.

The Elephant In The Room

Any objective analysis of BKCC must address the elephant in the room, BKCC's