Everyone is deriving absolutely idiotic conclusions on ACAS.
American Capital’s Board of Directors will make a decision on the allocation of the dividend between cash and stock which will be announced at the time of declaration.
They also got approved the possibility of 4 stock splits a year and usually pay a divided each quarter.
1+1+1+1=4.
I see stock dividends in the near future as they restructure their debt covenants.
I hope that the idiots out there are SELL SELL SELL, I’ll BUY BUY BUY.
I’ll watch the short term gaming on this one. I might sell out and buy in lower. That usually makes sense, right? Thought so.
Fear the Idiots. It makes no sense to run headstrong into a “poorly founded” stampede, cause you’re still going to get knocked to the ground like in the Lion King.