Main Street Capital: Bull vs. Bear

Markets are forward-looking, and generally pretty efficient, but that doesn't mean they're always right at any given time. Shares of Main Street Capital Corporation (NYSE: MAIN) have been on a tear this year, rising nearly 10% in a year in which a popular business development company (BDC) index fund is down roughly 2%.

Is Main Street Capital's rise indicative of good things to come, or is the market simply too comfortable paying a premium for one of the most beloved BDCs? I'll lay out the bull and bear case for Main Street Capital with the goal of hitting the topics that are most important for its shareholders.

There are compelling bull and bear arguments for Main Street Capital. Image source: Getty Images.

Source: Fool.com