BDC Saratoga Investment Corp Presentation

While business development company, Saratoga Investment Corp (NYSE:SAR), hasn’t updated their latest investor presentation we have just quickly reviewed the slides from their July presentation and are impressed by the growth and profitability of the company.

We are noting this because SAR currently has a baby bond out standing and they have just sold a new 6.25% baby bond issue which is covered in postings further down this page.

Here is a bit of a recap page from the presentation showing the good progress the company has made in the last 3 1/2 years.

 

 

The balance of the presentation can be found here. 

12 thoughts on “BDC Saratoga Investment Corp Presentation”

  1. Thanks for posting, Tim. Definitely worth picking up a few shares when this comes up for sale (next week I think)…

  2. A while ago there were comments on investing in peer to peer lending web sites and the conclusion I got from the posters was that it was not what it is cracked up to be. I came across Fundrise a web based real estate investing site that aggregates small investor money into real estate investments. You can set up the investment for income, growth, or a combination. The site advertises a 12% annual return. I was wondering if anyone had looked into or have experience with this site and what your thoughts were. Possibly the average returns don’t live up to the hype like the peer to peer loans? The web site is https://fundrise.com/investments/advanced-plans/balanced-investing.

    I’d appreciate any thoughts.

    1. Palemooner, I have a portion of my investable principle with https://www.richuncles.com Rich Uncle for the last couple years. They have paid me 7% monthly, run by experts in the real estate field, pool investors resources, invest in single tenant location major real estate, have been approved by many brokerage firms for their IRA investments etc. I also have privately lent to UHaul https://www.uhaulinvestorsclub.com/InvestmentOpportunities There is too much for me to write. I would highly suggest you do your own deep due diligence before investing. Wishing you profitable investing, Nomad

    2. Palemooner,

      Thank you for posting this. As one who was quite disappointed with my experience in LendingClub.com, I would like to review this fundrise.com option. The first thing that bothers me, other than previous experience with P2P lending, is that with rates rising as they are to do – REIT returns will take a hit and demand usually drops off. However, it doesn’t mean I won’t have some money in RE. I own quite a few REIT’s and will continue holding varying amounts of them no matter what rates are doing.

      Hope we get some more feedback on this topic…

    3. I have invested both in Lending Club and Fundrise. I am in the process of pulling my funds out of Lending Club as the investment has not performed according to expectations. I also invested a token amount into Fundrise, just to see how it would perform. So far, not so good. I have not spent much time on it (although I have been meaning to call their customer service). The issue, I think, is that the value of your shares will not increase until the projects have been completed and cashed out. Therefore you might have to wait several years before you see ROI, as is consistent with RE development projects. Of course, you should do your own due diligence. Good luck!

  3. STAR has just been accepted into the S&P SmallCap 600 (replacing SHLM). Any thoughts on the preferreds, i was thinking of buying some. They are a perpetual almost at par ($25.02 today).
    iStar, Inc., 7.50% Series I Cumulative Redeemable Preferred Stock
    Ticker Symbol: STAR-I CUSIP: 45031U804 Exchange: NYSE

    1. Caa1 from Moodys and CCC+ from S&P. Just reinstated common dividends. Last dividend paid in 2008. Seems risky to me.

    2. Non-QID, perpetual, garbage rating, all for 7.5%? Much better risk-reward opportunities in the space.

  4. Thanks all for the feed back. I’m still on the fence with Fundrise or RichUncle. One draw back I see is redeeming shares and getting money back when needed. I’m leaning towards sticking with the publicly traded REITs. Liquid and with more info/research available.

    Thanks again for the comments.

    1. I have not looked at either investment but I do know that the conventional wisdom for as long as I can remember on private REITs is they’re a no-no. Issues of transparency, oversight, and self-dealing, for starters.

      Personally, I would need a lot of convincing to take the plunge.

      1. Bob, just to clarify there is no “self-dealing” or other issues at either RichUncles or Uhaul; everyone gets the same exact deal. All investors go into these private deals with eyes wide open, as the disclosures are quite considerable and forthright. I have vetted both extensively and have had no issues. I am not recommending ANY investment, do your own deep due diligence before making any decision(s). Time flies over us but leaves it’s shadow behind, Nomad

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