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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (47838)	5/7/2012 9:09:47 PM
From: E_K_S	Read Replies (1) \| Respond to of 78717

Are BDC's equivalent to Private Equity and are the overall returns the same. If so, I guess I should at least start a small position in one or more of these as I have a compiled a pretty good list of BDC companies. I never really understood them but maybe it is worth another look using Yale's screen. Do you know if there are any funds I might be able to piggy back on that are invested in Yale's Private equity bucket? EKS

To: Sergio H who wrote (47838)	5/8/2012 6:31:34 AM
From: Bocor	Read Replies (1) \| Respond to of 78717

Have you looked at any BDCs and if so, what have you found of interest? Might want to look at MAIN. It specializes in equity, equity related, and debt investments in small and lower middle market companies. It does not seek to invest in start-up companies or companies with speculative business plans. It seeks to invest in traditional or basic businesses. Market cap around $800.M. Just recently raised dividend. MAIN has traded publicly since 2007, so not a long dividend history. I think its Texas location for its main office is a plus, too, giving the company physical and hopefully relational proximity to the business community of the Southwest and Southeast. It took a leap of faith to buy MAIN above NAV but I took it mainly because I'm a great believer in insider buying as an indicator. From the 8K: Net Asset Value of $15.19 per share at December 31, 2011, representing a 16% increase compared to $13.06 per share at December 31, 2010 It has certainly paid off so far. Also had same philosophy on O; always overvalued, but goes higher and performs well. Also, both are monthly payers, thus capturing more of the market volatility that can buy more shares.