Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: benchpress550 who wrote (16589)	5/20/2002 9:14:38 PM
From: Mad2	Read Replies (2) of 18998

Must admit that their chart and dividend record looks impressive. Kinda pecular however that "growth companies" have been decimated in the past 2 years.. ALD seems to have escaped this carnage. Perhaps this explains why they've held up so well. biz.yahoo.com The complaint alleges that defendants misstated the value of Allied Capital's investments in companies including, inter alia, Velocita Corp. and Loewen Group, Inc. in Allied's public filings with the SEC and otherwise as a result of failing to "mark to market" or record write-downs of investments that had substantially declined in value long after it had become apparent that such investments were being carried on Allied's books at values vastly higher than their true values. The complaint further alleges that Allied Capital misstated its total assets in its financial statements by carrying Allied's investments including Velocita Corp. and Loewen Group, Inc. on Allied's balance sheet at unrealistically and misleadingly high values. Thanks, but no thanks. I'd rather play any craps than that bet, odds and payout are better and I don't have to wait 6 months to find out the outcome mad2

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