| Period | Period Low | Performance |
|---|---|---|
| 1-Month | 25.29 +0.12% on 03/08/21 | unch (unch) since 02/24/21 |
| 3-Month | 25.26 +0.24% on 01/12/21 | -1.63 (-6.05%) since 12/24/20 |
| 52-Week | 21.02 +20.46% on 04/01/20 | +2.96 (+13.24%) since 03/24/20 |
What happened to Allied Capital?
In an era defined by the failure of $100 billion institutions, Allied Capital earns just a footnote in history. At its peak in 2007 it had just over $5 billion in assets. It was small, but its lies were big. It was a fraud that should not be forgotten.
Is Allied Capital a good investment?
Allied Capital was a business development company with a long history of producing incredible returns for its investors. Founded in 1958 and publicly listed in 1960, it had an enviable record of paying ever-increasing dividends from its core business of making mezzanine (junk) loans to small businesses.
What happened to Allied Capital after Einhorn's speech?
In 2007, five years after Einhorn's speech, the SEC would finally find that Allied Capital had broken securities laws in how it valued some of its investments. But the SEC allowed the company to continue operating after reaching a settlement in which Allied did not admit any wrongdoing. This story wouldn't end here.
Does Allied have a distribution agreement with TruLife?
KELOWNA, British Columbia, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Allied Corp. ("Allied" or the “Company”) (OTCQB: ALID) is pleased to announce the signing of a non-exclusive national sales and distribution contract with Trulife Distribution.
What is Allied Corp.?
("Allied" or the “Company”) (OTCQB: ALID) an international medical company focused on creating and providing health solutions to address today’s medical mental health issues is pleased to announce progress on its 2021 expansion.
Can Allied supply national level quantities?
With the current export approvals, Allied can supply national level quantities to wholesale buyers in several international markets. “Like in any healthy market, good quality product moves very quickly. We have been very purposeful to not expand too quickly but rather match our supply to the market demand.
When did Allied Capital Corp. become a stock?
It was first listed as an over-the-counter stock, and wouldn't go big until it consolidated all of its businesses and funds into one New York Stock Exchange-listed entity, Allied Capital Corp., in 2001. After that, it wouldn't take long to attract attention.
What is Allied Capital?
Allied Capital was a business development company with a long history of producing incredible returns for its investors. Founded in 1958 and publicly listed in 1960, it had an enviable record of paying ever-increasing dividends from its core business of making mezzanine (junk) loans to small businesses.
How much did Einhorn sell in 2002?
It grew even more by selling more stock as Einhorn held short. From total assets of $2.8 billion in 2002, its balance sheet would swell to $3.3 billion by 2004, peaking at just over $5 billion in 2007. As Allied Capital soothed investors with a rising dividend, problems were developing behind the scenes.
What did Prospect Capital try to do with Ares?
Prospect Capital ( NASDAQ:PSEC) tried to "butt in" on Ares' acquisition; Allied wanted nothing to do with it. Prospect and Allied sparred via dirty press releases, proof that competitors can't avoid the temptation to deliver low blows even when their industry is on its deathbed.
What happened to Allied shares after Einhorn's speech?
The day after Einhorn's speech, Allied's share price dropped by more than 20%. But this was just the beginning. He quickly found that dividend-paying companies are often the hardest companies to sell short. Investors are quick to defend any company spewing huge dividends.
When did the House of Cards collapse?
The house of cards truly began to collapse when the financial crisis hit its worst in 2009, requiring more writedowns on Allied's investments on top of writedowns to correct artificially inflated values in prior years.
Did the SEC find out that Allied Capital had broken securities laws?
The story would go on for years. In 2007, five years after Einhorn's speech, the SEC would finally find that Allied Capital had broken securities laws in how it valued some of its investments. But the SEC allowed the company to continue operating after reaching a settlement in which Allied did not admit any wrongdoing.
