I agree with Rapidbenz. ACAS is a well run company. I would also like to add that a BDC must have a total debt to equity ratio of less than 1 to 1. This means that ACAS is not highly leveraged. Also, ACAS has no goodwill or intangible assets on the balance sheet. Finally, ACAS has a stock buyback program and Malon Wilkes has said that a stock price below $25.00 is when ACAS may begin buying back shares.
Dividend Yields Soar [View article]
At the current price, I think ACAS is a bargain.
Long ACAS
July's Top Dividend Buys [View article]