Well at least we can pinpoint a reason for the drop. I think Zacks is on spot about ACAS having limited income. The only income growth has been basically from the Reit Fees (AGNC and MTGE). I don't expect they'll be doing any SPO's anytime soon with the adversity in that sector lingering. And increase in NAV doesn't mean squat to Zacks as it wasn't even mentioned in the downgrade. And most of the increases in NAV have been through unrealized capital losses. And I gotta believe they are drying up. Let's hope that the rumored spinoff and resumption of some sort of dividend is around the corner.
Never found Zacks to be that reliable, have you?
Do know that volatility of this stock has and is making ACAS a trader's dream stock.
Would think that all the buy backs should be reducing the shares outstanding and there by making
the per share earnings larger. At this time am disappointed with performance but still a believer.
Had a bit of a hard time with the way they justified the down grade saying their income was limited to Dividends and Interest. Ummm, this is a BDC right? What were they expecting? Revenue from the sales of consumer goods?
With Out The Div Or Announcemet Of One Coming My Guess It Will Be Heading Down [ Maybe Its The Time To Short ] If ACAS Doesn,t Do Some Damage Control ACAS May Go Into A Spiral. Now The Question I Have Is Why Didn,t The Hot Shot s On This Board See It Coming. Could They Just Be Pumppers Like All The Other Boards. Just A Thought.