tag:blogger.com,1999:blog-726517614184169426.post5533865205815710872..comments2023-08-23T04:15:41.751-05:00Comments on The Jaded Consumer: Shallow Analysis Misrepresents Accretive Issuance as "Dilution"Jaded Consumerhttp://www.blogger.com/profile/04631410690179296528noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-726517614184169426.post-74548986624708644982013-09-09T02:13:42.769-05:002013-09-09T02:13:42.769-05:00This is gorgeous!This is gorgeous!Ramirohttp://themeatgrinders.info/noreply@blogger.comtag:blogger.com,1999:blog-726517614184169426.post-75946453487203682162011-03-28T22:46:52.457-05:002011-03-28T22:46:52.457-05:00According to the news I read at the time of the IP...According to the news I read at the time of the IPO, ACAS bought 5m in the IPO and another 2.5m in a private placement, for 7.5m (I'm ignoring the 100sh). The 10K I linked above shows the end-of-year 2010 AGNC holdings at $0.<br /><br />With the management fee dwarfing dividend income, ACAS has apparently got what it wants: fee-based management income and regular monthly paychecks without significant capital tied up. With each accretive issuance, ACAS grows the fee income while raising book value (not diluting it). So long as price > book, issuance appears a win-win.Jaded Consumerhttps://www.blogger.com/profile/04631410690179296528noreply@blogger.comtag:blogger.com,1999:blog-726517614184169426.post-2007016372950440002011-03-28T16:48:57.122-05:002011-03-28T16:48:57.122-05:00On July 17, 2009, ACAS sold 2,500,000 shares of th...On July 17, 2009, ACAS sold 2,500,000 shares of the Issuer’s Common Stock in a registered public offering. On November 11, 2010, ACAS sold its remaining 2,500,100 shares of the Issuer’s Common Stock in a private placement under Rule 144.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-726517614184169426.post-90736713686680815382011-03-27T22:26:11.436-05:002011-03-27T22:26:11.436-05:00ACAS sold the 2.5m shares a few months back..ACAS sold the 2.5m shares a few months back..Anonymousnoreply@blogger.com