BeachboyBob

Wall Street Breakfast: Must-Know News

On the lighter side, I think Rachael is a real cutie, and her husband should give thanks that he married such an intelligent lady!

On the financial side, I am anxiously waiting to see if the infusion of money by the government is going to be quick enough to turn the aircraft carrier around before it takes even more water. I think those with big financial voices have to, at some point, begin to speak favorably of the effects of the infusion, which, as I understand in my neophytic financial mind, was done to avoid the mistakes of the 1920's. I do not see things stabilizing as long as people live in fear that it is going to get even worse. The Big Boys of finance have to decide when optimism is supported by realism. I know I have no control, other than to spend what I can afford to support the turn around. Once the turn begins, government needs to get out of the system, and let capitalism recover at a natural pace. Best to all! BBB

American Capital Strategies: Management Credibility in Question

Davy,

Today is Wednesday, December 17, and the stock is trading at about $3, a mere fraction of what I paid for it. I am stuck. Do you think ACAS is going to be bought out by someone, and if so, would that help stockholder's postions? I assume the answer to that is largely linked to might buy them. I am afraid that, like many of your commentors, we are not being told the truth about ACAS, and hence the little guy will be the last to know that they got took on the way down. The flip side to a buyout is bankruptcy. Any thougts on this happening? Us long, little guys would lose everything, should that happen. Thanks for any comments. Bob