Apollo Investment Corp. (NASDAQ:AINV)

solid divdend will be maintained, will recover following europe stabylizing

I highly recommend Apollo Investment Corp (NASDAQ: AINV). AIC is structured as a Business Development Corporation and invests in senior secured, senior unsecured, and subordinated debt of large middle market companies. It is a high yield bond proxy and they have top-notch credit people that invest in quality credits, 60 to be exact, and dictate very favorable terms. They are very good at what they do and I would much rather own this than SPDR Barclays Capital High Yield Bond ETF that yield 8%. Apollo Investment Corp yields twice that at 16%. The company is generating current yields on their investments in the 10% to 12% range. That kind of return in this environment is pretty appealing. The stock yields more because it trades below book value, currently at 0.84x, the lowest ratio since 2009. There is a lot to like with this stock, but an investor must realize that the company marks their investments quarterly- creating significant volatility when credit spreads expand. The company managed through the global financial crisis with very limited non-performing loans, but because of market volatility the stock was whipsawed. If you can whether some volatility, which would mitigated in a diversified portfolio, then this is a good stock choice for 2012.

oversold at this point...great yield even if trimmed back a little. money is cheap.

there's free money right now thanks to the fed, and hopefully the economy is coming back.

Well managed and at this point a great dividend yield. I am assuming a small cut in the payout, but a cut appears to be priced intto the stock.

yo

going up

AINV looks extraordinarily cheap right now. Selling for less than 80% NAV and P/E of 6, while still sporting a 14% ROE, 8.8% ROI, and a nearly 15% dividend. RIC structure requires that they distribute 90% of earnings. The risk here is that they're inflating NAV by carrying their companies at overly high book values, but with past write-downs, this risk is lessened. They have a buyback program in place and the CFO bought a small slug of shares in August, so insider buying is favorable.

value

At the current stock price and dividend this stock is yielding around 13.2% so figuring that should be able to maintain the 1.12 annual rate for the next couple of quarters and is unlikely to reduce the dividend below a buck in any case it seems like a fairly safe bet to lock in a decent return. The current stock price is also well under book.

The company thinks its own stock is now cheap - buyback plan in place AND the CFO just bought open market shares. Adding more to MRLP.

Just took a hit along with everyone else this week with the credit downgrade. Solid Dividend and good management. Dividend has been steady @ 0.28 per share for a few years. Stock will bounce back

real estate

Good management that is vested in the company, reasonable valuations, cash flow, still challenging market for lending for some time that will increase quality of deals and yield on investment.

great management

50% off it's high, still paying monster dividends and things are trending up.

It is my opinion that this is one of the best around.

Big dividend and has performed well for me in the past

They look like thyey will shake out well after the Innkeeps problem