Whose interests is this Management working for when they raked in $94 million in Fees in 2013? Doesn't take a brain surgeon to figure it out. BTW, just how many shares does this Management hold combined? Very little from what I can discern.
Okay, I do have a lot of confidence with ACAS's and their plan of action. Just pleasantly surprised by the volume of late which is underpinning the move.
Yeah, you might get a short-term deadcat pop, but revenue guidance couldn't be more negative. So it looks like there will be downward pressure tied to fundamentals.
ACAS caught Najarian's eye. Very interesting indeed. That's the first I've heard of any recognition of ACAS on CNBC. Maybe the exposure had something to do with the explosion in volume?
NMB, what does your gut tell you as regards the additional ad ons of ACAS by Blackrock prior to the end of the last quarter. They see a purely turnaround in NAV growth and Earnings or do they smell a real restructuring as you and others have been discussing of late?
What a joke Zacks is. Yesterday they come out with an announcement about the opportunistic investments ACAS has made yet ends the article restating it's Strong Sell Recommendation. If I knew nothing about ACAS and read about this for the first time I would be saying to myself #$%$!!
I think you would may get a ton of ACAS shares put to you if the SP doesn't go above 16 when those puts close out in May. That may be a reality after this latest quarterly report.
Hopefully these investments will payoff in NAV and/or NOI growth. What's bothersome to me is the nearly 10% non-performing. I think that has grown from around 7% over the past couple of years. And I know they have some big dogs on the private finance side that are negatively affecting quarterly results. As far as ACAM goes, it looks like AGNC maybe turning the corner. Gary Kain will shore up NAV if the Fed's hold their current course on tapering.
They didn't just roll more dice on ACAS.
That figure has gotten worse qtr to qtr. Obviously the company has some big Dogs they continue to sit on and either cannot get rid of or won't take the losses on if they unload.
It seems like it's been about 2 years ago when Wilkus hinted about a possible restructuring and nothing much has been indicated about progress towards one since. So I'm not really banking on it coming to fruition.
If anyone is waiting for a change in tax status back to RIC it won't be in the cards for years to come. Not when the company continues losing operating revenues quarter after quarter as well as taking charges (losses) on operating companies (Ordinary). And it doesn't look like the SP is going to meet NAV for a long time to come. So all anyone can do is dream about getting a Cash Dividend.
Obviously ACAS has some problem companies on the private finance side that weighing on them. Also, they reported 10% non-performing assets (fair value). That has been an increasing percentage for some time now and looks troublesome.