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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (14861)	8/13/2002 3:08:57 PM
From: Paul Senior	Read Replies (1) of 78565

I'll add a little to my position in ACAS on today's drop. It has been extensively analyzed on Yahoo; I've come to believe the long position rather the the short. Short-sellers say funding of "dividends" comes from, or necessitates, continual new stock issuances (Ponzi scheme). (Dividends in quotes, because, as you know, ACAS is a Business Development Company in which it is earnings, if any, that are delivered to the stockholders, not the classic distributed-amount-after-taxes classic definition.)

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