Home prices are holding steady in Pittsburgh (see link to today's paper) http://www.postgazette.com/pg/07347/841286-28.stm Our business is strong, and we are hiring; many different types of companies are buying new forklifts, so things can't be that bad.......... I'm still afraid of financials, but the dividend return is quite tempting at this stock price.
If you don't already own ACAS and have some cash, you should seriously consider easing into the stock. Just don't buy your full position all at once. No telling how far panicky investors will drive this down over the next 6-12 months.
Yes, 9% yields are more attractive than 3%, but one needs to account for risk and an adjusted yield if price drops.
certainly seems like we're entering a recession and ACAS's portfolio will be significantly affected even though they've tried to diversify and minimize risk. naturally, these elements are built into the price.