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.
There have been multiple stock offerings within the past year if I am not wrong. Seems to me we've been getting one every 3 months or so recently. You guys really sure this is a GOOD thing? Just asking, as I am not sure....
They have been doing it for 9 years, and it seems to be working so far. If that doesn't give you comfort, look at ALD. They have been doing it for about 45 years. It takes money to make money.
I'm thinking that maybe people would be more comfortable if ACAS execs would hang out at the metro, and sell flowers to raise capital. Selling equity to loan out at huge margins seems to make people nervous. Anybody know how many times they have done this successfully?