FS KKR Capital: The Discount Is Not Unjustified, But The Bottom Is In (NYSE:FSK)

Core Viewpoint - The discount to net asset value (NAV) for FS KKR Capital (FSK) is seen as justified due to elevated nonaccruals at fair value and weaker dividend coverage, despite the BDC growing NAV [1] Group 1: Company Performance - FS KKR Capital has experienced a growth in NAV, indicating potential resilience despite challenges [1] Group 2: Market Dynamics - The equity market serves as a mechanism for wealth creation or destruction over the long term, with daily price fluctuations playing a significant role [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]