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iStar Financial Inc. Message Board

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  • wareham2620 wareham2620 Mar 10, 2009 11:48 AM Flag

    Thoughts on ACAS

    I guess you know Ferdiefor is back and on the ACAS board.Also,Ferdiefor sold his ACAS.

    One of Ferdiefor post below.

    Re: Dividend - cash element yielding 23% 7-Mar-09 10:04 am Those of you that believe suspension of mark to market changes anything are diluding yourselves.

    Stocks are based upon valuation. ACAS is so illiquid and unable to pay a dividend that its valuation is appropriate at next to nothing.

    ACAS isn't going to get to mark up assets magically. The fact is ACAS is a portfolio of illiquid assets trying to function in an era where liquidity and strong balance sheets are the key to long term survival. Rating :
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