American Capital, Ltd. (ACAS) After Hours Trading
$12.9271 - 0.0229 -0.18%
Get ACAS Alerts *Delayed - data as of 08/05/2015 16:02 -
All we need is 3 new management employees to add to the already bloated payroll:
"BETHESDA, Md., Aug. 5, 2015 /PRNewswire/ -- American Capital, Ltd. (ACAS) (the "Company") announced today that the American Capital Real Estate Finance Group ("ACRF") has expanded its investment team with three new members:"
"The Sale was a POSITIVE for investors"
Not much of a positive for this shareholder with shares now trading at $7.00 after a 5 million secondary offering for existing shareholders selling at $10.00 -- no money goes to the company. I fail to see the "POSITIVE for investors" you refer to. I'm waiting for the positive news.
Here is the estimate: "Arlington Asset Investment Corp AI $1.30 After Market Close".
. Assuming no reduction in book value, 1.30 would be god news.
Why bother with options? They might as well give the buy back money directly to management. "The shares were purchased at an average price of $14.32 per share, totaling approximately $92.6 million."
A reverse stock split will quickly get it over $3.50. Never say never.
There are idiots among shareholders and there are certainly idiots managing this company. The difference is, if you are management you get paid a lot of money to be an idiot.
Let's hope so. We could use some good PR from management.
For example, dividends. They said in the Q-1 report : "The Board expects to be able to provide its dividend policy, along with the business plan, in August 2015, in conjunction with the release of Q2 2015 earnings."