JRINPHX
Sep 9, 1:15 PM
$OBDC Blue Owl Capital's Comeback Has Just Begun
Sep 09, 2026 at 5:22 AM ETBlue Owl Capital Corporation (OBDC)
Nova Capital
1.17K Followers
5
Share
Save
Play
(12min)
Comments
(2)
Summary
Blue Owl Capital Corporation remains undervalued, trading at a significant discount to NAV and peers despite recent recovery.
OBDC offers a robust 10.87% yield, improved dividend coverage, and a strengthened balance sheet with lower leverage and ample liquidity.
A 96% floating-rate credit portfolio positions the company for earnings resilience should the Federal Reserve maintain or raise interest rates.
Potential catalysts include hawkish Fed policy, an active M&A pipeline, and portfolio diversification, supporting a projected 21% total return.
I maintain a 'buy' rating, with risks centered on further NAV erosion and portfolio write-downs, but see most negatives as priced in.
0 replies