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BDC Sector drops for 13th time. Is this Lucky 13 ?

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Started writing this article during the BDC meltdown and finished as we rally. We review the huge drop in BDC Sector prices over the last 2 years-including 13 new lows reached- and the very good reasons why. However, we find us ourselves optimistic that a buyer at these levels might have the opportunity to make out-sized returns. We explain why, but hedge ourselves as always.

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