do anything extraordinary in this market. It is nothing more than either a "wait and see" attitude, or a "got to get out" attitude.
Regardless of the NAV and the current price of ACAS or any stock right now, the market is acting irrational, therefore no investment in the market will follow rational behavior.
As I watch the dialogue on this thread, even the posters have become irrational in their opinions, whether short or long. Although I like to bash shorts when I can, they have had a winning position which can't be denied. Congrats to them, no need to rub it in, the world changes on a dime.Longs will have their days as well.
If the past is prologue, which it usually is, the market will come out of this downward death spiral, the recession will end, and a protracted bull rally will follow for several years.
Good luck to all.....patience will be the key to surviving the bear market.
"... the market is acting irrational [sic], therefore no investment in the market will follow rational behavior."
But still you are predicting the behavior of the market, which implies that it is predictable and thus rational, within a new paradigm, since it's derived from reason or based on your reasoning. Thus it is a rational market. Quod erat demonstrandum, ne'st pas?
"If the past is prologue, which it usually is, the market will come out of this downward death spiral, the recession will end, and a protracted bull rally will follow for several years."
You should consider working for Hallmark Greeting cards. There's bound to be an opening in their Gaseously Trite & Yet Meaningless Division.
only chuk could post a message about being meaningless and trite and actually be meaningless and trite. You must be either a goverment employee or a welfare receipient.
Chuk, when you are finally dead broke, which according to your banal post you probably are, you can come work for the company I proudly own. I'll have someone in my corporate office locate a position for you cleaning urinals at anyone of our worldwide facilities of your choice. But you must use the cleaning equipment provided, I can't have imbecile like you using his tongue in toilet bowls.
My l;ast post for a while. I am sure you will be glad.
The company already spent some of the $500M they said they put aside for the dividend. Too bad you can not read, it is all in their latest 10Q filing. The amount is probably down to $200M and getting smaller everyday. Read. It is in their filings, the $500M is partly gone. Not hype, not basjing, the truth. maybe the management team should be challenged on how open they are. They say there is $500M then they say they spent some of it in the filings. Do you really trust what they say or what the have to write? Trust the SEC filings.
The research has been shared with you. I wish you only the best. Postings were not to hurt anyone. They were to inform based on research and analysis. So far it has been right. But the rest will not be known until the next filing which will not come till late Feb or March due to year end. ACAS has bought themselves time to hide. Too bad this team did not build credibility. If they come out and explain all then the bad surprises are gone and they can rebuild the company and the credibility. But too bad.
Happy whatever you celebrate. Talk to you again.
In the meantime, talk from facts and figures and read.