Main Street Capital: A Great Business At The Wrong Price

Laurence Dutton Sometimes, everything seems to go right. In the case of Main Street Capital (NYSE:MAIN), that's certainly the case. · Interest rates are elevated, providing significant income opportunities for this business development company ("BDC"). · Despite elevated interest rates, the economy is still strong enough to support the interest payments that come with elevated rates. Thanks to these tailwinds, MAIN shareholders have been in a terrific place, as its share price has gone into overdrive since ...