Oaktree Specialty Lending: Admitting My Mistake And Downgrading This BDC

Pakin Jarerndee I have been covering Oaktree Specialty Lending (NASDAQ:OCSL) since early January this year, with the previous article issued right after the publication of OCSL's Q2 2024 earnings report. Starting from my initial thesis, the total return performance has been negative ~ 14%, while the overall BDC market has continued to advance. In the previous article I explained the key aspects that have pushed down the Stock price (e.g., build-up of non-accruals and spread compression), but, at the sam ...