Blue Owl Capital Corporation OBDC

Blue Owl Capital has been in the news for the wrong reasons, but its business has been moving in a positive direction in recent years.

Blue Owl Capital has seen its share price fall sharply over the past year, which puts fresh focus on whether the current US$9.32 level lines up with what its earnings can support. With sentiment shaped by project delays and credit exposures, the key issue now is how much of that backdrop is already reflected in the valuation. The stock has declined 43.3% over the past year, which puts existing earnings power and any future improvement under increased scrutiny. The delay to the Stack...