Thursday, March 20, 2014

Suggestion to Buy ARCC

This is the perfect time to get into ARCC which is currently trading at $17.49 up .75% today. It is a stock that travels with some ups and downs. It is currently in a down trough and indicates a good buy today. ARCC has an amazing balance sheet and another great benefit, a 8.76% yield. You will need to hold onto it for a year to reap the full yield and it is a good stock to hold if we experience a major correction in the overall market. It is a buy today, so if you want to take the plunge, you will stand to benefit with this next move up. With high yield stocks there will not be the panache to sell with the sell signal. I will still indicate a sell for those who wish to know the timing of that. It will be your choice to go in and out with these calls or buy and hold for the yield.

1 comment:

  1. ARCC is trading at $17.66 today marginally up from the $17.49 call. It is still in the buy position. It is still in the early stages of the buy position so it is not too late to take advantage of a good buy.