Fifth Street Finance Update
An interesting article on Seeking Alpha today details Fifth Street Finance’s (FSC) latest earnings outlook. More detailed information on the company can be found on their new website at www.fifthstreetfinance.com.
The stock has been a holding of ours for about a year. Fifth Street is a lender to midsized companies, and has a current yield of around 9.5%.
Disclosure: Author and QES portfolios own FSC.
About the Author
Ben Warwick, Aspen Partners
Veteran investment strategist Ben Warwick brings 20 years of investment management expertise to AdvisorOne.com in his blog, Searching for Alpha. His market and economic insights provide readers with an insider’s view on generating alpha through asset allocation, the use of strategic portfolio “tilts,” and alternative investments.
Warwick is co-chief investment officer of Aspen Partners, LTD, an alternative investments specialist based in Atlanta, Denver, and New York, and CIO of Quantitative Equity Strategies, LLC. He is the author of several books, including Searching for Alpha: The Quest for Exceptional Investment Performance, (Wiley, 2000); The Handbook of Managed Futures, with Carl Peters, (McGraw-Hill, 1996); and The Worldly Investor Guide to Beating the Market: Beat the Pros at Their Own Game, (Wiley, 2001). He can be reached at bwarwick@aspenpartners.com.