FS KKR: 50% NAV Discount And 17% Yield - Golden Opportunity Or Value Trap?

Core Insights - The portfolio's total return outperformance indicates a disciplined, income-focused strategy centered on high-conviction ideas trading at attractive discounts [1] Company Analysis - FS KKR Capital Corp. (FSK) was previously identified as having an unattractive risk-reward profile, with concerns regarding its dividend sustainability, leading to a recommendation to sell [1] Analyst Background - The lead analyst, Samuel Smith, has extensive experience in dividend stock research and holds advanced degrees in engineering and applied mathematics, contributing to the investment strategy at High Yield Investor [1] Investment Strategy - High Yield Investor focuses on balancing safety, growth, yield, and value, offering various portfolio options including core, retirement, and international portfolios, along with trade alerts and educational content [1]