Business Development Companies (BDCs) have gotten quite a bit more attention in recent years, due at least in part to the exposure they offer to smaller companies and the potential for outsized distributions. While Compass Diversified Holdings (CODI) isn't a BDC, it's structured as a trust designed to acquire and manage controlling stakes in private companies, it seems "close enough for jazz" to many investors and analysts and the shares have done well lately.
I do believe this is an interesting company. Although valuation is higher than I'd like, I don't see a lot of risk in the company's portfolio, and I believe management's price and value discipline can serve companies well over the long term. Accounting...
Only subscribers can access this article, which is part of the PRO research library covering 3,610 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: