SAR - Saratoga

[PlayinwithFIRE]

Curious if anyone has examined this company. I've read their business tag a few times and still dont really understand what they do. That's likely my fault, not the fault of their business description.

Long ago, I was on a dividend kick and have held this stock for many years...consistently paying 8-10% per year. Stock prices has held between $20-30 all that time. Its a leftover in my accounts which these days are more like a 3 fund portfolio, this one just hangs around in there still.

They have been good to me..but i remember somewhere (everywhere?) hearing "don't invest in what you don't understand" ..

Most recent news, they have a special dividend at the end of this year ..XMAS bonus!

regards,

pwf

 

[Koolau]

I always thought that if I COULD find a stock that CONSISTENTLY paid a 10%+/- dividend AND either crept up in value OR stayed roughly the same value, THAT would be almost like having a money market. Back in the day, you could find utility stocks like that, but those companies seem to get bought up and the companies altered dramatically, etc.

No idea about the company you listed, but it sounds like a potential keeper if it remains as you describe the stock.

Good luck and Merry Christmas!

 

[HarveyS]

Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment's objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a $600 million collateralized loan obligation ("CLO”) fund and co-manages a joint venture ("JV”) fund that owns a $400 million collateralized loan obligation ("JV CLO”) fund. It also owns 52% of the Class F and 100% of the subordinated notes of the CLO, 87.5% of both the unsecured loans and membership interests of the JV and 87.5% of the Class E notes of the JV CLO. The Company's diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

 

[pb4uski]

I always thought that if I COULD find a stock that CONSISTENTLY paid a 10%+/- dividend AND either crept up in value OR stayed roughly the same value, THAT would be almost like having a money market. Back in the day, you could find utility stocks like that, but those companies seem to get bought up and the companies altered dramatically, etc.

No idea about the company you listed, but it sounds like a potential keeper if it remains as you describe the stock.

Good luck and Merry Christmas!

Actually, there are a number of good quality preferred stocks like C/PRN and ALL/PRB that have high single digit yields and relatively stable prices.

SAR has 3 baby bonds and a couple yield over 8%.

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