Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (6268)	4/22/1998 10:50:00 PM
From: ElGator	Read Replies (1) of 7396

What do you think of ACSC? Strong company with consistently improving sales and income. Reported record second quarter earnings today and the stock dropped about a point. This probably happened due to their second announcement today, that they intend to sell an additional 2.5MM shares. 500M of these are to be sold by individuals and the remaining by the company, presumably from the remaining 3.5MM shares issued but not in the public float. That being the case, this action is not dilutive and would actually be advantageous in that the additional float would improve the liquidity of the issue (only 2.5MM in the float now) and make the issue more attractive to institutional money. I wonder if this has been misinterpreted as a true secondary, which it is not. Once this settles in, should be a quick bounce back and onward from there. I did buy some today and am contemplating a good bit more tomorrow. Thanks for your words on APSG, looks to be on its way back up now. I don't have anywhere near your experience and this just didn't make sense. I try not to grab the falling knives, but I'm glad I did this one.

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