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This 12% Yielding Dividend Stock Is Trading For Pennies On The Dollar — Is It a Steal or a Trap?

Samuel Smith discusses Blue L Capital Corporation (OBDC), a BDC trading at a significant discount to its book value with a high dividend yield. Despite a recent decline in Net Asset Value (NAV) per share due to widening spreads in the private credit market, Smith argues this is not a sign of fundamental distress but rather a market sentiment issue. The company has also deleveraged and repurchased shares, which was accretive to NAV.