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Cramer: You Can Get This High-Yielder at a Discount

SolarCapital’s stock has taken a beating since it reported a quarter that was viewed as disappointing earlier this week. And that means you can get this super high-yielder for a very nice discount, Cramer said Thursday.

Last quarter, the specialty lending company reported a nine percent decrease in its book value. But the “Mad Money” host isn’t worried because SLRC isn’t having trouble with its portfolio of loans. He said it had to mark their book value to market on September 30th, back when “panic was still rampant.”

What’s more, Solar Capital has a huge 11.5 percent yield, and CEO Michael Gross told Cramer it could still go higher.

“Our dividend is very, very secure,” Gross said. “And frankly because we are under-levered today, as we invest the balance of our capital, we should be able to increase our dividend over time.”

To see Cramer’s full interview with Solar Capital's CEO Michael Gross, watch the video.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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