Where Will Ares Capital Be in 5 Years?

Making predictions on Wall Street is usually a mistake, but I'm confident about one call when it comes to high-yield Ares Capital.Ares Capital (ARCC -0.97%) is what is known as a business development company (BDC). This is a unique corporation that is designed to pass income on to shareholders. That helps explain the lofty yield on offer. But investors shouldn't buy the stock just because it has a large dividend yield.There's way more to this story than just the yield. If you ignore the full picture by focu ...