Yield-Hunting Part 9: GAINI And Its 7.64% Yield To Worst
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The article discusses GAINI, a 7.875% baby bond from Gladstone Investment Corporation, which is considered undervalued compared to other BDC bonds. It offers a high yield of 7.64% and low expected volatility, despite GAIN's adjusted credit score of 8.21 (Baa1) due to its smaller market cap and high problem loans.
February 21, 2025 | 2:45 pm
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Gladstone Investment Corporation's GAINI bond is undervalued, offering a 7.64% yield and low volatility. Despite a Baa1 credit score due to smaller market cap and high problem loans, it remains a high-quality BDC bond.
The article highlights GAINI as undervalued with a high yield, suggesting potential price appreciation. The Baa1 credit score indicates moderate risk, but the bond's high yield and low volatility make it attractive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90