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Jim Cramer on Blue Owl (OBDC): “I’ve Not Recommended Anybody’s Business Development Company”
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Blue Owl Capital Corporation (NYSE:OBDC) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. Toward the end of the lightning round, a caller sought Cramer’s opinion of the stock, and he replied: I gotta tell you, it’s their business development company. I’ve not recommended anybody’s business development company; I can’t start doing it now, I’m sorry. I don’t know what they own, and I don’t want to; that’s how bad these things have been. Maybe this is the exception, but I’m not going to put my head in that lion’s den. Photo by Adam Nowakowski on Unsplash Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that specializes in direct and fund-of-fund investments across debt, loans, and common or preferred equity. Cramer discussed its parent company when a caller asked about it during the March 18 episode, as he commented: Okay, Blue Owl, if you want to own in that world, that private equity, private credit world, I have to suggest you to buy Blackstone. It yields 5%. It’s better run. I think you just go with Blackstone and you’ll do better. While we acknowledge the potential of OBDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.
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