% | $
Quotes you view appear here for quick access.

Ares Capital Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • youcanpickum youcanpickum Apr 15, 2008 9:09 PM Flag

    New NAV will likely still be > 14

    Stop playing with the numbers. Just buy the stock at 11.20 and get it for 80% of book. End of story, rights offering or not. Especially if the offering is cancelled. Give me a break. There is zero dilution to any holder who exercises and the added benefit of oversubscription. That is the hidden treasure here. I sold my rights as I have said previously and bought stock today. I will gladly buy more in the shorts hit it harder. I could buy rights back anytime before expiration for less and still take part. Right now you pay 2% to save 5%. That's a fair deal if it is not cancelled.

13.87-0.38(-2.67%)Jun 27 4:00 PMEDT