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Ares Capital Corporation Message Board

  • richardleeds richardleeds Aug 3, 2007 5:31 PM Flag

    why buy

    This stock has been in a decline for almost 4 months. Why buy the stock. If this market continues to decline another 10%, this stock (a small cap stock) could certainly fall 10-15%.

    The stock markets are facing significant issues because the home builders, their suppliers, mortgage lenders are having a great deal of difficulty at this time. It appears this is not going to go away during the next 12 months. I am going to wait until the free fall in this price turns around. The price declines have not indicated any stabilization.

    I am in another company that has dropped 35% during the last six months. During the last week it has not declined. I read that as bottoming out. I do not see that with ARCC.

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    • Tried to get you guys to buy, but fear will hold most people back. Sorry to react so slowly, been out of town. ARCC is nothing like worldcon, balance sheet was a fantasy, and I never would have touched it. ARCC is quality plain and simple.

    • I have to agreee. I was lured into buying when it was 17+ and have seen nothing but loss ever since. I will not only not buy, but am now looking for a way out. I think the first dead cat bounce will be my exit.

    • I've been hit with so many left hooks, I'm begging for a right uppercut.

      • 1 Reply to hajohn08
      • Hang in there, I have been thru several bears and this is just a correction. Am 50% hedged, but the bonds are not an offset this time, even so there is a lot of money just out of the market. Lost 25,000 week before last and 10,000 this week, but it will turn around. The bdc's are not part of the problem and the fools trashing them will wake up. DFR always bothered me as well as KFN. I owned them for a while then sold; glad I did. Sold all my ACAS at close to 48, but kept ARCC and AINV. These are steals at these prices, problem is few have money to buy. The bdc's are income, but most of my profits come from biotech, so I just wait. My tech lady says 12,800 on the dow plus or minus a couple hundred points. She is usually right.

    • You buy ARCC now because you nor anyone else knows the bottom. It could turn around Monday and it is over. Stock is below book and has investment grade rating with the major rating agency's. Dividend look solid and is over 10%. Some people wouldn't pay a dime to see an ant eat a bale of hay. They usually wind up the loser by missing the opportunity.

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