treerollins

Re-examining My American Capital Strategies Position

A lot of questions here and a good debate. Guess there are some things we just don't know for sure and probably won't until after the fact. My compliments to all, however, on an intelligent analysis and productive give and take seeing as how most of the commentary you find on the web about any company is nothing more than pump and dump specualtion. Been reading Einhorn's book and haven't come across anything yet which could be pinned to ACAS unless there is outright fraud going on which is what he indirectly alleges with ALD. Ultimately, it seems to me that it's more a question of how well the investment team has managed risk as far as making bad loans that may not pay off as this is the most dilutive situation of all. It is, in essence, the equivalent of flushing money down the toilet which is exactly where I stand at present on my ACAS investment.