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Joe Stocks

12/01/08 4:07 PM

#48337 RE: blhawk31 #48313

Hi BH, Sorry for the late reply. I have been tied up all day in meetings and such.

WELL, ACAS did look like it was off to a good start. Same with ALD. Can't say so much now. I thought the early action may have been due to Carl Ichan coming out recently saying he was buying senior debt versus equities. ALD and ACAS both hold a fair amount of senior debt as business developement companies. It may not be investment grade but they still have priority.