Goldman Sachs (NYSE:GS) has filed paperwork to found a business development company, which will be called Goldman Sachs Liberty Harbor Capital. Companies in this space such as Prospect Capital (NASDAQ:PSEC) and American Capital (NASDAQ:ACAS) are known for high dividend yields, though American Capital's dividend was suspended during the financial crisis. This leaves investors asking, should I buy Goldman Sachs Liberty Harbor Capital the moment I have a chance? In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss what a business development company is, why it could be appealing, and whether or not they're buying.
- Apr 2, 2013 at 1:11PM