Added to YB: 2025-05-16
Pitch date: 2025-05-14
MAIN [bearish]
Main Street Capital Corporation
-22.42%
current return
Author Info
Jehoshaphat Research are fraud-busters who force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices. Sign up for the newsletter.
Company Info
Main Street Capital Corporation is a business development company and a small business investment company specializing in direct and indirect investments.
Market Cap
$5.2B
Pitch Price
$50.69
Price Target
N/A
Dividend
7.25%
EV/EBITDA
N/A
P/E
9.82
EV/Sales
13.38
Sector
Capital Markets
Category
value
Main Street Capital (MAIN): A BDC Whose Dividend Is About to Experience BDSM
MAIN short: BDC with richest P/B & P/E but aggressive accounting & low quality earnings. Underlying cash flows decreasing, dividend cut likely. NAV inflated vs peers despite lifetime realized losses. Expect downside from dividend cut, deflating cash flows, PIK problems & fair value premium eroding. Low short interest & insider selling.
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