Jim Cramer Discussed 27 Stocks, Like Arm and Lockheed, and the Recent Market Sell-Off

23. Blue Owl Capital Corporation (NYSE:OBDC)

Blue Owl Capital Corporation (NYSE:OBDC) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. Toward the end of the lightning round, a caller sought Cramer’s opinion of the stock, and he replied:

I gotta tell you, it’s their business development company. I’ve not recommended anybody’s business development company; I can’t start doing it now, I’m sorry. I don’t know what they own, and I don’t want to; that’s how bad these things have been. Maybe this is the exception, but I’m not going to put my head in that lion’s den.

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that specializes in direct and fund-of-fund investments across debt, loans, and common or preferred equity. Cramer discussed its parent company when a caller asked about it during the March 18 episode, as he commented:

Okay, Blue Owl, if you want to own in that world, that private equity, private credit world, I have to suggest you to buy Blackstone. It yields 5%. It’s better run. I think you just go with Blackstone and you’ll do better.