+ Watch ACAS
on My Watchlist
The Company is a business development company that also serves as publicly traded alternative asset manager.
very low P/B and P/E. They invest in corporate debt on a leveraged basis. They also manage AGNC and MTGE (total 11B market cap) and manage some private equity funds (total ~2B) and collect management fees from that. They also have a huge tax loss carryover.They got burned really badly during the 2008 liquidity crisis and ever since then it's been trading at a major discount to book value. Too low, IMO. Ben's got my back. His hands are tied by the Taylor rule, which says that he can't raise rates unless inflation rises or unemployment goes down. Neither is likely to happen much, because of automation and Moore's law.
I may be missing something obvious here, but I have been trying to understand the correlation between Moore's law (about transistors per square inch) and inflation/unemployment.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions