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American Capital, Ltd. Message Board

  • yando1946 yando1946 Mar 20, 2006 3:28 PM Flag

    Offering is Good news

    Last time they did an offering I believe it was for $29. I wish I had bought more then. Same story. Lots of posts about dilution and shorts trying to terrify people. Only thing that happened was ACAS invested the money from the new offerings and made more money and increased the dividend and the share value went up.

    Read it carefully--this offering will be used for two puproses. Lowering debt (that is a good thing) and investing in new opportunities (thias is an excellent thing and their core reason for existing). This is not a diultion that is used to enrich the CEO and Board. It will almsot surely do the same thing it has done every time they have a new offering. Price goes down because the unsophisticed panic and the shorts fan the flames. Then the new investments pay out new money and the dividend goes up and the per share price goes up.

    Unless the economy falls apart at the seams or suddenly ACAS to date quality investment choices don't continue, we will all make more money. I am holding for sure and trying to free up some cash to buy some more.

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    • Last offering was at 35.2. I hope this offer holds at least that price.

      • 2 Replies to debradco
      • Never mind on answering the last question. I did the homework. I was in Africa for two weeks--really--climbing Mt. Kilimanjaro amongst other things in January when they did the offering this year. embarressed to say I didn't read on what was happening with ACAS upon my return during my absence.

        Thanks for pointing out that offering. --I still stand with the history of ACAS and continuous dividend increases based on a solid pattern of offerings, investment and larger return. A bigger pie can afford more slices and that has been the ACAS strategy.

      • Maybe I was asleep at the wheel and missed the last offering. A little over a year ago they had the offering for $29 and my broker called and asked if I wanted more. I said no then--my mistake. When was the offering for $35? Wonder how I missed it since I look at this stock at least several times a month.

        Was is a fact is that for 8 years running their dividend has only gone in one direction and that is up.

 
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