MidCap Financial Investment Corporation trades at a 37% discount to NAV, its lowest in five years, with a structurally protected, 97% first-lien secured, floating-rate portfolio. MFICL, the company's baby bond, yields 8.38% to worst, ranks higher in the capital structure, and offers a superior risk-adjusted return versus MFIC common stock. MFICL's expected ROE is 11.76%, outpacing the discount-adjusted ROE of MFIC stock by 1.65 percentage points, making it attractive among BDC baby bonds.
MU, BBVA, ROST, VICI and PCAR stand out as high-ROE stocks with strong cash flow amid market volatility and rate concerns.
Assured Guaranty is deeply undervalued, trading at 0.53x adjusted operating equity and 0.36x adjusted book value. AGO's path to re-rating hinges on achieving a sustainable 10% ROE, with every point of ROE worth ~$16 per share. Buybacks remain highly accretive at current discounts, but capital is increasingly allocated to growth strategies like annuity reinsurance.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 104 | $3,684.72 | $4,465.76 | $781.04 | 21.2% |
| JS Jeffrey Schropp POTOMAC FUND MANAGEMENT Inc. /ADV | 657,300 | $23.29M | $28.38M | $5.09M | 21.85% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 7,243 | $308,769.09 | $312,952.65 | $4,183.56 | 1.35% |
John P. Quinn Vermillion & White Wealth Management Group LLC | 307,900 | $10.16M | $13.24M | $3.08M | 30.29% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 11,790 | $502,607.7 | $509,417.6 | $6,809.9 | 1.35% |
| NASDAQ (NMS) Exchange | US Country |
This actively managed exchange-traded fund (ETF) primarily focuses on investing in U.S. companies demonstrating strong quality characteristics, such as robust financial health, reliability, and potential for sustainability. The fund's approach targets entities featuring attractive valuations and the ability to pay dividends, aiming to provide investors with growth and income. The strategic direction and investment decisions are guided by the expertise of its sub-adviser, leveraging in-depth analysis and sector-specific insights to allocate assets effectively. By committing at least 80% of its net assets (plus any borrowings for investment purposes) towards common stocks, the fund positions itself to capture the value and opportunities present in the U.S. market across various sectors.
An exchange-traded fund that utilizes a hands-on approach to invest in U.S. common stocks, aiming for companies with strong fundamentals, attractive valuations, and dividend-paying potential. Unlike passive ETFs that track a specific index, this fund's active management strategy seeks to outperform benchmarks through careful selection and ongoing adjustment of portfolio holdings, based on the sub-adviser’s thorough market analysis and sector evaluations.