ACAS seems to be a conservative, solid performer that gained 28.4% in 2006. Management seems more than competent and they continue to diversify their investments across a broad spectrum of sectors. The dividend they offer is high which is a great bonus as well. Looking at the chart, it shows a nice uptrend without signs of slowing down. On the 3 month chart, the 50MA is almost a straight line which is fairly amazing. I think we might see a small correction in the next couple days as we've seen throughout this uptrend, but I think it will continue upwards from there as it has done in the past. I think a target price of $60+ over the next year is a fair valuation.
$49.89 (02/05/07)
