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Posted by
Two Blokes Jul 20 -
Filed in
Stock
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Goldman Sachs BDC's recent quarters have disappointed, with declining earnings and NAV, justifying my continued Hold rating despite attractive yield and discount. Dividend cuts, rising non-accruals, and realized losses highlight ongoing portfolio and credit quality issues, outweighing any positives from special dividends. Improvements in non-accruals and leverage are minor, while upcoming debt refinancing and potential rate cuts threaten further earnings and dividend coverage.
