American Capital Strategies - Competitor Review
- 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
Apollo Investments - relatively new BDC
- Pros
- Affiliation with Apollo Management
- Should be well-positioned to capitalize on any bargains as they have low debt-to-equity ratio.
- Cheap on a dividend-discount model valuation.
- Cons
- You're paying 2+20 for their management
- Predominantly US exposure
- Mostly subordinate debt - no buyout component
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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