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Strategies & Market Trends : Value Investing

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To: Sergio H who wrote (47946)5/14/2012 9:53:29 PM
From: Area512 Recommendations   of 78741
 
I also think that BDCs have decreased leverage significantly since 12/2008 such that they may be less vulnerable to a 2009 type event today (granted if you know a 2009 type event is coming it is likely wise to sell and buy back cheaper later)

seekingalpha.com

Last 10Q for example ARCC had Shareholders equity, Total Assets, Debt of 3443, 5387, 2018 (all values in million $)
12/08 ARCC had Shareholders equity, Total Assets, Debt of 1095, 2091, 909

ARCC Shareholder equity is 64% of total assets now versus 52% at 12/08. And I believe several others have also deleveraged (notably KCAP and ACAS)

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