American Capital, Screaming Eagle (ACAS)

Posted in pre-market 
November 4th, 2009

American Capital, Ltd. (NASDAQ: ACAS) gained 18% to $3.20 in pre-market as one of the large percentage gainers.  We have seen some 375,000 shares as of 8:46 AM EST and the average volume is 6.2 million shares.  The news was that it lost -$0.13 in non-GAAP EPS and had a net income of $0.12 EPS.  The company also reached an agreement with its lending committee to restructure its revolving line of credit facility. The company said the terms may allow it to restructure $2.4 billion in unsecured debt.  This stock was up as much as 29% around the $3.50 mark earlier. -JON OGG

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