FSC No Longer Recommended as a BUY

Our Dallas presenter no longer recommends Fifth Street Financial (NYSE: FSC) as a Buy. The stock is currently trading at $11.04, very close to his target. The company received a $50 million credit facility from Wachovia a week ago. Fifth Street Financial has been approved for an SBIC license, but it hasn't been formally granted yet. Business trends are improving. Still, the presenter has significantly reduced his position and is no longer recommending the name to new investors.