BETHESDA, Md., July 30 /PRNewswire/ -- American Capital (Nasdaq:ACAS) announced today that Scott & Stringfellow has commenced coverage of its stock with a ``strong buy'' rating. American Capital was added to Scott & Stringfellow's Recommended List.
Analyst Vernon Plack of Scott & Stringfellow said that, ``The opportunity for growth exists in this large, fragmented and underserved market. American Capital's full product line, senior debt, subordinated debt and equity, gives it an advantage over traditional players, which typically provide only one type of financing.''
President & CEO Malon Wilkus stated, ``We are pleased to have added another fine firm to those conducting research on American Capital. Vernon Plack's insight on the small business market captures the essence of American Capital's competitive edge and its niche in the specialty finance arena.''
The report also stresses Plack's belief in the management team at American Capital and its capability to execute its strategy. ``The company is now in the 'sweet spot' of its growth curve, meaning that management can focus on growing its portfolio, rather than on those operational and administrative issues that will require more attention as the Company grows.''
David Gladstone, Chairman of American Capital, said, ``This is the second new firm in two months picking up coverage on American Capital. It is a strong, positive message to our shareholders that American Capital is a good, long-term investment with continued growth and outstanding value.''
To obtain a copy of the Scott & Stringfellow report, please contact American Capital's Shareholder Relations Department at 301-951-6122. Additional information of interest to shareholders is available on the Web.
