Saratoga Investment: Big Yield At Significant Discount

Dec. 26, 2023 8:10 AM ETSaratoga Investment Corp (SAR), , , 23 Comments

Summary

  • The year-end rally thus far has made it difficult for value investors to find bargains among large-cap stocks.
  • However, plenty of value remains, and Saratoga Investment Corp currently offers a well-covered 11% yield with a diversified and stable portfolio.
  • SAR has a strong track record of preserving and growing NAV/share and currently trades at an appealing discount to net asset value.
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2023 has been great for total returns with market outperformance since the end of October being capped off by the Santa Claus rally. Such a quick rally may not be good for value investors, however, as many large caps are now prohibitively expensive, making

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of SAR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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