A brief rundown of Q2’s earnings report (all figures US$ unless noted):
After last quarter’s negative cash figure (-$10M OCF), Q2 saw several encouraging developments on the cash flow statement. ACAS is once again cash flow positive, generating $141M OCF during the 1st 6 months. This is a 26% decline from last year but [...]
Nice to to see the stock (ACAS) up over 10% today. I looked over the press release but will reserve comment until I can dig into the 10-Q. The one item I noted for future research was the $252M writedown in the private finance portfolio, ostensibly due to lower public-company multiple comps and [...]
As a value investor, I am used to buying stocks as they go down and averaging into a position. While I believe that markets are not totally efficient, they are fairly efficient and so when Mr. Market marks down 40% a position that I already believed to be heavily discounted, I do not subscribe to [...]
While the name has changed, the stock price decline remains the same. American Capital (ex-Strategies) has just seen the share price decimated over the last week and I can’t find any information as to why.
I know many “value investors” wrap themselves in a cloak of confidence and view these drops as buying opportunities. [...]
A few weeks ago, a reader asked me about my current thoughts on Telecom New Zealand (NZT), which, as of 07/01/2008, was down 16.5% since I bought it last year. The blog’s hacking sidetracked me a bit and also, I’ve been “rolling” NZT and its future prospects in my head for a while. [...]
Readers can click here for my views on ACAS but for another view, Nicholas Yulico at thestreet.com pans the company and the stock, stating that the company is still overvaluing certain debt assets on their books.
Yulico has written a few negative articles on ACAS before and honestly, my first instinct on any negative piece on [...]
