American Capital (NASDAQ:ACAS) is a business development company which had a near death experience in the Panic of 2008 but has rebounded smartly. It has a very large tax loss carry forward and has elected not to be treated as a RIC (regulated investment company); RIC status would exempt ACAS from corporate taxes (which ACAS doesn't have to pay anyhow because of the tax loss carry forward) but would also require it to pay out 90% of its income as dividends. ACAS has not paid out dividends the last several years.
I have written before about ACAS here, here, here and here and until recently it has had a nice run. I generally look at net...
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