A few weeks ago, I posted about some strange action in Horizon Lines (HRZ) and a few weeks later, Seth Klarman’s Baupost Group disclosed an 11% stake in the company, which may explain the upward price movement.
In any event, if the share price holds up at this level, I will be a proud shareholder of [...]
So I talked about American Capital Strategies (ACAS) and how I wouldn’t think about buying until it fell to $37 and one day later, I’m thinking about it. Mr. Market sure does provide good service.
I haven’t reviewed their last quarter’s results in-depth yet but I did read a few press releases. Book value [...]
Readers know I’ve been keeping an eye on American Capital Strategies (ACAS) and have been waiting for it to drop down to at least $37 before I think about buying.
Well, it turns out the whole lot of them (BDCs — business development companies) are getting marked down today. Apparently, a few of them, Apollo [...]
Buried in the back pages of the Wall Street Journal was an article about the Treasury International Capital (TIC flow) report for August. August saw a record net outflow of $69.3 billion in capital leave US financial markets. The Financial Times had an even smaller article about it with little color added but there [...]
