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Ald & Acas
Old 12-21-2007, 11:18 AM   #21
Recycles dryer sheets
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Ald & Acas

ACAS looks cheaper to me than ALD with better operational margins.
But both go SOUTH so far, no need to buy yet :-)
They'll be good div payers and good picks when they'll go NORTH.
Wait and see, ACAS is on my radar screen now.

gnoti seauton
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Old 04-12-2009, 05:57 PM   #22
Recycles dryer sheets
Snidely Whiplash's Avatar
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Its curious to read these messages given all that has happened over the past 6 months with these two companies. Is anyone else still holding these two stocks or am I the only fool here?

I invested my retirement money into what, at the time, I felt were secure dividend paying stocks. ACAS, ALD, MCGC, GE, BAC, PFE, DOW, PCU, USB etc. I thought, given the history of dividends of these companies, my retirement would be secure and I would never need to dip into my capital. I could live the rest of my life off of an ever increasing flow of dividends. Boy, how could I have been so wrong. I was able to select all of the real winners. Now my portfolio is down about 70% and my income has been cut by about 90%. Sheesh, and it all happened so quickly.

Just wondering if anyone else has held onto these two stocks? I even bought more ACAS when it hit $1.40 bringing my cost basis down to about $18.00. I'm not sure which way to turn now. I can draw on home equity to live for about 5 years before I have to start liquidating my portfolio. is there any hope that things will reverse within 5 years? SS wont even come close to allowing me to pay my bills without drastic (and I mean drastic) changes.

I think the worst part of it all is I feal like such a fool. I should have taken my money and spent it on vacation houses and luxury cars... I would have lost less to depreciation than what I have in these stocks. I dont understand, I really thought I was doing the smart thing.......

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Old 04-12-2009, 11:20 PM   #23
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I still have ALD. It was in an IRA so there was no compelling tax reason to sell it. Obviously I wish I had. At this point I'm just going to hold, and hope.

Interestingly while I have had my share of cuts, my dividend income is only down 15% vs almost 30-40% for the portfolio at large.
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Old 04-16-2009, 11:44 AM   #24
Recycles dryer sheets
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Originally Posted by clifp View Post
At this point I'm just going to hold, and hope.
At this point that is my strategy as well. Not sure if that makes me an even greater fool or not.

Looking at ALD and ACAS outside of the BDC view, they are still cash-flowing companies with ridiculously low PE's right now. If I were evaluating them without any concern to dividends I would feel they are VERY cheaply priced and poised for a big move up. But then, I've felt the same way all the way down

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