Runway Growth: My Favorite BDC With Huge Potential Returns

Runway Growth has been beaten down far beyond most BDCs and trades at a 49% discount to NAV with a covered 21.25% yield and a PE of 4.7. The fear - software companies will be harmed by AI, and RWAY has software company loans. But other BDCs, more exposed to software, have not been beaten down like RWAY. This panic looks similar to the ”CLO CEF” panic, which never got discounted as much as RWAY and has had huge rallies off their bottoms when the panic subsided.