American Capital LTD (ACAS)

[Prudent Capitalist]

I still think the transaction stinks for ACAS holders given that the NAV is over $20, and the maximum value of the deal is around $17.50. I sold out of ACAS at around $17.10 last month and the 3 investments into which I placed the proceeds are all up very significantly since then, with 2 of them being just adding to existing positions at favorable levels. So, have come out much better by not waiting around for this deal to close. GLTY.