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New Mountain Finance Corporation (NYSE:NMFC) (“NMFC” or “the Company”) today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discret...
Since the Great Recession enveloped the global economy back in 2008-09 related to a crisis with sub-prime mortgages, there has not been any real indication of a similar crippling economic downturn returning for over a decade now. But that doesn't mean a recession couldn't return . And while no...
Taxes and Business Development Companies ("BDCs") Business Development Companies ("BDCs") were created by Congress in 1980 to give investors an opportunity to invest in private small and mid-sized U.S. companies typically overlooked by banks. Their non-bank structure gives them the flexi...
In October, I presented a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 10% and their safer baby bonds/preferred shares currently yielding around 6%. Part 1 discussed Monroe Capital ( MRCC ), Owl...
On December 9, 2019, Goldman Sachs BDC ( GSBD ) announced a merger of GSBD and MMLC, an affiliated BDC managed by Goldman Sachs Asset Management, L.P. ("GSAM"). The transaction will result in increased earnings, special dividends in 2020, increased diversification, reduced non-accruals, appr...
According to Fidelity Investments , 57% of baby boomers (born between 1946 to 1964) who manage their own portfolios are holding more stock than the company would recommend – "largely due to the bull market of the last 10 years." Fidelity Investments says that baby boomers are over...
BDC Total Returns As predicted in previous articles, business development companies ("BDC") continue to do well with an average total return of almost 24%. However, there is a wide range of results and the market has started to pullback. The table below shows the total returns by BDC usi...
Introduction This is Part 2 describing my experience with a SWAN “Sleep Well At Night” 100% high-yield portfolio. Price is not the focus of my investment strategy since price is controlled by market sentiment. Essentially, price is manipulated at times by emotion, based on sh...
Since the Financial Crisis in 2008, the performance of publicly-listed private equity firms has been subpar. They have gained from low-interest rates, but have generally underperformed the market due to often misplaced value investments and occasionally failed attempts at shareholder activism....
In October, I presented a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 10% and their safer baby bonds/preferred shares currently yielding around 6%. Part 1 discussed Monroe Capital ( MRCC ), Owl R...
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2024-07-13 08:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended June 30, 2024 on Wednesday, July 31, 2024 after markets close. The Company will host an earnings conferenc...
2024-06-23 11:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...