Comments on: ACAS: Re-examining My Position

By: The Enlightened American » UPDATED: American Capital (ACAS) Suspends Dividend

Mon, 10 Nov 2008 20:06:13 +0000

[...] may be a bit harsh in expecting management to have seen this unprecedented market crisis coming, I discussed the possibility of this scenario back in July. I don’t have the decades of experience in this business like the company does so I’d [...]

By: The Enlightened American » American Capital Rebounds on Earnings Report

The Enlightened American » American Capital Rebounds on Earnings Report — Wed, 06 Aug 2008 19:20:55 +0000

[...] ACAS: Re-examining My Position [...]

By: The Enlightened American » Portfolio Performance: +9.6% YTD through July 2008

Fri, 01 Aug 2008 15:58:44 +0000

[...] ACAS: Re-examining My Position [...]

By: Davy Bui

Davy Bui — Wed, 30 Jul 2008 00:42:48 +0000

jason,

Thanks for the compliment.

I understand how you feel. If I think about it too long, I get a little queasy holding ACAS these days!

By: jasonc

jasonc — Wed, 30 Jul 2008 00:30:05 +0000

great post – after about 5 or 6 years of holding acas, i finally closed out my position a few weeks ago. I had read Einhorn’s book, and though ACAS seemed to me like a totally different kind of company, especially because Malon has most of his own money in the company, I found it difficult to remain in the stock. One big concern that I had was the impact of the credit environment.

That said, the nearly 20% div yield makes it a tempting buy now, and assuming reasonably decent results on 8/5, I could see getting back in.

Also, I’ve enjoyed reading your posts over the last few months. Thanks for writing!.