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American Capital, Ltd. Message Board

buyandwin 51 posts  |  Last Activity: Jul 11, 2016 6:09 PM Member since: Jul 30, 2000
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  • Reply to

    Why Is ACAS Down Over 4% Since May 9, 2016?

    by buyandwin May 19, 2016 10:01 AM
    buyandwin buyandwin May 19, 2016 8:55 PM Flag

    Deal imminent? There must have been 5-10 or more deals "Imminent" The only things imminent are the options they issue to themselves over the past few years and the new "imminent" deal they come up with.

    The only advice I can give is don't spend the money until you see it in your account.

    b&w

  • Reply to

    Can anyone predict a bottom?

    by dlw2244 May 25, 2016 2:45 PM
    buyandwin buyandwin May 25, 2016 2:59 PM Flag

    Anyone can predict a bottom. The problem is whether anyone is right in their prediction.

    b&w

  • Reply to

    Sold half my stake this mornng $16.10

    by arthaiss May 9, 2016 10:07 AM
    buyandwin buyandwin May 9, 2016 7:56 PM Flag

    I've been reducing my position over the past year or two. Sold over 75% of the total I had accumulated after the price collapse in 2009. It all was (is) in IRA's so it has been funding my RMD's and the balance after taxes has been re-deployed in income producing securities which was the purpose of my original investment in ACAS before 2008. My cost basis per remaining share is $2.9702. The last batch I sold for $15.99 on May 6. Still have a lot more to sell to re-deploy into income paying securities.

    b&w

  • I'm expecting EVA to announce another increased distribution in the next day or two. In Feb EVA increased the distribution from $0.44 to $0.46 and announced they expect to increase the 2016 Distribution TO AT LEAST $2.10. To reach the $2.10 projected goal would require EVA to increase the distribution approximately as follows:
    1 st Qtr)May 2016 $0..48
    2nd Qtr) Aug 2016 $0.51
    3rd Qtr) Nov 2016 $0.54
    3th Qtr) Feb 2017 $0.57===.48+.51+.54+ .57= $2.10

    We will see shortly if they pay as guided.

    Patience
    b&w

  • I sold all my ACAS shares (they were in IRA's) when the merger was announced (After the many schemes they had previously announced I just wanted out ) I originally was in ACAS for income and decided it was time for me to control my destiny in ACAS again I took the opportunity and sold all my ACAS for an average price of $16.085 and reinvested it in ARCC before the 6/13 X-Dividend date to start receiving dividends. I just received the ARCC dividend on Friday July 1 and it was dripped into additional shares at $14.175279 I now have approximately 1.1 Times ARCC shares compared to the ACAS I had owned and they are currently paying $1.52 per year. I am now looking forward to the Sept $0.38 dividend that I hope to drip that dividend into more additional shares..

    And most important--I don't have to be concerned with what Malon is scemeing anymore.

    good luck to all

    b&w

  • Reply to

    Sell off Assets for a bundle of Cash...

    by investorette May 18, 2016 3:21 AM
    buyandwin buyandwin May 18, 2016 10:01 PM Flag

    ++++ Sounds like a win win to me. If the assets are liquidated that only leaves management and their desks and a whole lot of cash, especially if they maintain sales in excess of NAV.++++

    That sounds like a win win for management. I'm sorry but I don't see any obligation for them to give us any money as opposed to giving themselves more and more bonuses and perks and leave us holding the bag. I'm sorry, but I just don't believe them anymore.

    b&w

  • Put all the lipstick you want on ACAS--And the Negotiated Merger--And ACAS Management that negotiated the merger and you still have 3 little pigs with lipstick.
    This deal will change like every other convoluted pipedream ACAS has offered over the past few years. The only thing that will continue is management's stuffing themselves with bloated salaries, endless options and perks. That is why ACAS is being neglected by the market after this proposal.

    b&w

  • Reply to

    Any concern about another offering?

    by duediligence1_98 Jun 15, 2016 3:14 PM
    buyandwin buyandwin Jun 15, 2016 10:52 PM Flag

    The HASI business model is that they pay out virtually all their income. And the bulk of that dividend (77% in 2015 was tax deferred) This past December HASI raised the dividend about 15%. It is expected that this coming December they will again raise the dividend about 15%.

    Since they pay out virtually all the money they make, they have to either sell more stock or issue debt to get capital to grow their business. That is their business plan. I look at a stock issuance, as a positive growth factor. As long as they issue stock and grow the dividend that is a positive move IMHO.
    I believe that HASI has a winning business plan in the coming decade. Since I plan to hold for a long time as long as they stick to the growth pattern they have since going public, I have been adding shares and dripping the dividends and growing my investment as the company is growing. There will probably be a dip in price due to the stock offering and I expect to be a buyer on the dip. I try to take advantage of opportunities when they are offered.

    HASI currently is a cornerstone of my portfolio Looking out 3 to 5 years, in a cooperating market, I expect the HASI price to be much higher that the current $21.15 level with a dividend of possibly $2.10 annually.

    good luck

    b&w

  • It appears there are others that agree with me and are not satisfied with the ACAS Management team and what they are doing.

    b&w

  • buyandwin buyandwin May 25, 2016 8:01 PM Flag

    I plan to hold the ACAS position and take the ARCC conversion. I also plan on adding the cash portion received, into additional ARCC shares. No tax problem . All ACAS shares were held in IRA's since the bottom before the the 33% stock dividend in 2009. In fact, I started a position in ARCC on monday on the ARCC price drop ($14.6799)

    I also believe that the ARCC management has got to be better than the ACAS management I have been living with the past few years (There was a time earlier that I was a strong supporter of ACAS management's team. That's why I was in ACAS in the first place. But non anymore)

    Investing my ACAS investment in ARCC should give me at current rates about a 21% increase in my total annual income stream. It will beef up the income in my IRA's and should pay a large portion of the RMD's I will be required to pay going forward. Obviously we will have to see how it works out. I'm still concerned with dealing with the ACAS management team and will not plan on counting my chickens until I see the money (and/or shares) safely tucked in my account

    good luck to all
    b&w

  • Reply to

    Buyout Play Expected Return

    by frontlineinv May 2, 2016 3:25 PM
    buyandwin buyandwin May 3, 2016 7:47 PM Flag

    NMB:

    ====PS .. .even if we don't see a complete sale of ACAS, I think we see a sale of ACAM and probably ECAM mgmt. assets.====
    And if we don't see a complete sale of ACAS and only parts like ACAM and ECAM are sold

    WHO GETS THE MONEY? Does the sales proceeds remain in ACAS with MALON and his buddies continue drawing pay and issuing options to themselves and it's business as usual????????

  • It had a market cap of $750 B and everone was excited that it would double (MC $1.5T) or triple (MC $2.25T) . So far instead of doubleing or tripleing it has lost more than 33% to a current MC of $494B. Now the latest Trillion Talk is about AMZN which has to Triple from its current MV to reach ONE TRILLION DOLLARS.

    Time will tell

    b&w

  • Reply to

    Slides

    by nosurebet May 23, 2016 2:55 PM
    buyandwin buyandwin May 23, 2016 10:05 PM Flag

    Not exactly correct. ---
    The cash is fixed-The Per Cent (.453) is fixed---- BUT THE PRICE OF ARCC IS NOT FIXED So the ratio is not fixed.

    b&w

  • buyandwin buyandwin Jun 1, 2016 5:01 PM Flag

    In line with my previous posts of the past few days,I started selling my ACAS yesterday and sold the balance I owned today. I started to buy ARCC and now have to wait for the new funds to settle and be available for re-deployement . I have had ACAS in MY IRA's all these years from when they were paying cash dividends, so there will not be a taxable event on the sale. Selling now and buying ARCC before ARCC goes X-Div on Dec 13 will put me back on track of receiving income which I was buying ACAS in the first place for.
    Actually the ACAS drama over these past 8-9 years turned out very well for me. I guess I was lucky.
    I hope I'm wrong but I still don't believe they will make this deal happen. With the 4 moving pieces to happen to make the deal it looks to me to be another Malon creation for him to make money.

    I hope everyone here makes out as well or better than I did.

    b&w

  • Reply to

    Why Is ACAS Down Over 4% Since May 9, 2016?

    by buyandwin May 19, 2016 10:01 AM
    buyandwin buyandwin May 19, 2016 8:31 PM Flag

    With the $Millions of dollars rolling in from the portfolio sales AND NOTHING DEFINITELY ANNOUNCED AS TO WHERE WE STAND---------

    I wouldn't be surprised if Management announces a 10,000 for 1 Reverse split with no partial shares issued to get a lot of shares back at current or lower prices,

    Until I see the money credited to my account the only thing that I remember is---THIS IS THE COMPANY THAT DECLARED A CASH DIVIDEND IN 2008 FOR OVER A DOLLAR A SHARE AND THEN CHANGED THEIR MIND AND CANCELLED IT.

    b&w

  • Reply to

    UBTI on K-1 question from ETE newbie

    by dougshokes Jun 25, 2016 10:06 AM
    buyandwin buyandwin Jun 25, 2016 5:56 PM Flag

    Hi Doug:
    The short answer is-I don't know. The reason I don't know is because I don't own MLP's in a tax sheltered account. The reason I don't is because MLP's are a tax shelter investment with many tax benefits to the owner if held in a taxable account. Many of these benefits are lost in a tax sheltered account . i guess it's something like "Two negatives make a positive" I believe an MLP investment in a tax sheltered account is wrong so I don't do it. I don't track UBTI because I don't need to in a taxable account. I can tell you again each year the UBTI numbers will be different and in addition they will be different for each investor each year.
    I live entirely off the market. I have been retired for 13 years. I have no pension plan. My investment objective is to maximize income and the more I can keep by legally deferring taxes the better I like it. One important way I can legally defer taxes is by using tax shelters properly. If I were you, I would read an MLP primer that you could find on Google, and read it

    So, I have given you the long and short answers. I hope it helps.
    b&w

  • Reply to

    Run up

    by jimbo1392 Jun 9, 2016 10:58 AM
    buyandwin buyandwin Jul 5, 2016 8:32 AM Flag

    It depends what you want. If you are selling you want the price to go up. If you are accumulating additional shares and not planning to sell you want the price to go down to get more additional income by reinvesting in lower priced shares.

    b&w

  • Reply to

    Slides

    by nosurebet May 23, 2016 2:55 PM
    buyandwin buyandwin May 23, 2016 8:40 PM Flag

    ====get real and do the math .453 x 2.00 is a lot less than .453 x 15.00,
    as the price go down the share of one suffers less than the share of the other.====

    That's the way it works if there are no limits included in the price. And I don't see any limits included in the deal.

    But try to be optimistic---If the ARCC price goes up to $50 you will get .453 X $50.

    b&w

  • Reply to

    Who could predict it?

    by scottr2958 Jun 28, 2016 7:45 AM
    buyandwin buyandwin Jun 29, 2016 10:49 PM Flag

    Scott: The time to buy is when most others are fearful. $1000 will buy you 45 units at current prices. That's $91.80 at the current level of payments.. The last quarterly payment was $0.51 and managment has guided that they will pay AT LEAST $2.10 for 2016. They even gave us a roadmap. To pay AT LEAST $2.10--That means they expect to pay
    1) May 2016 $0.51 ( 1st quarter Already paid)
    2) Aug 2016 $0.52 (2nd quarter)
    3) Nov 2016 $0.53 (3rd quarter)
    4) Feb 2017 $0.54 (4th quarter)
    My expectation for EVA to reach their guidance for 2016
    Total $2.10 for 2016 EXACTLY WHAT THEY GUIDED EARLIER THIS YEAR.
    Now you can judge if they can produce the numbers they claim, or not, or do better.

    I've been adding recently
    b&w

  • Reply to

    Has ARCC been a good investment?

    by donedealer Jun 11, 2016 1:14 AM
    buyandwin buyandwin Jun 11, 2016 9:23 AM Flag

    That depends on what you want from an investment in ARCC going forward. In my case--I'm interested in the income that I can get from my investment
    The S & P pays about 2% annually That doesn't cover inflation in my real world. Capital gains would have to be used to cover inflation. That would require selling part of the investment and giving up the income from the portion sold and also incurring an additional tax burden due to the sale. The income from ARCC over the past 5 years has averaged about 10% per year and that does cover inflation (In my real world) over the past 5 years.
    The risk, as you say, is what happens in the next 5 years. We don't know---So we just have to take in one day ata time and be alert and watchful going forward.

    b&w

ACAS
16.47+0.06(+0.37%)Jul 29 4:00 PMEDT