We're exploring the world of BDCs. You're in the right place folks because this is where the money is.

Welcome to the show folks. I am David Hanson.

Joined on the phone today by Jordan Wothan.

Thanks for joining us, Jordan.

Hey, I'm glad to be here.

Jordan is one of our contributors for Fool.

com. He focuses mostly on the BDC industry business development companies but he has his hands in all over the place so we're going to go through that in a little bit but Jordan just off the top a couple shows ago we talked about the bull market has been going on for

five years now if that's what you want to call it or five years since the bottom in

March 2009 when you kind of look at the market in general, what are you seeing?

Do you still see value out there, or is it getting harder to find good companies to buy?

Well, I think for the most part, obviously you're paying a lot higher prices than

you were in the past. I'm less excited about the market today than I was a couple years

ago. I look out there. I think the S&P is trading about like

18 times earnings. Obviously earnings have gone up and you look say four years

ago or so to 2010 and you're looking at maybe a

15 times multiple so you've had some multiple expansion there and then also you've

had the economic recovery I mean back in 2010 we had something like 10%

unemployment now 6.7% something like that. So I think you're paying higher prices but I think

there's still value out there. Especially you know we talk a lot about financial obviously and I think the financial space has

some interesting opportunities more so than others.

So despite the fact that the economy is perhaps in better shape than it was two years ago,

that doesn't make you feel better about, okay, well, the economy's in a good position,

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