American Capital Strategies
- American Capital Strategies (part 1) report written 09/20/2007
- Part 2 - Risk Detail
- Part 3 - Possible Upside
- Part 4 - Competitor Review
- Part 5 - Valuation and Assessment
- Part 6 - Management & Performance Targets
09/20/2007 Current Price: @ US $41.22; Market Cap: $7.5B; Dividend: $3.68 (9.40%)
American Capital is registered as a business development company (BDC), requiring them to payout most of their earnings to shareholders. The company seeks to be the leader in providing capital to middle-market companies, in many cases taking control of the company being financed. Most recently, the company has pursued a strategy to migrate much of their income towards asset management through the establishment of off-balance sheet private equity and debt securitization funds.
Valuation:
Intrinsic Value: $48 - $52 per share
Accumulation Range: ???? (see this blog post for more info)
DISCLOSURE: Please see our portfolio page for all disclosures.
This report reflects the research and analysis I've performed on this company. It is provided for informational purposes only and does not constitute personalized financial advice nor an endorsement or solicitation to purchase stock in this or any other company. Please do your own due diligence or hire a financial advisor before making any investment decisions.
The author received no compensation and is not affiliated with the company reviewed in this report with the possible exception of being a shareholder. The author reserves the right to buy or sell the stock as deemed personally prudent without further notification
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