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Asia Local Debt ETF Wisdomtree (ALD) [hlAlert]

3 Months Gains
up 165.01 %

Allied Capital Corporation (ALD) rated Outperform with price target $22 by Oppenheimer

Posted on: Thursday,  Jun 12, 2008  8:25 AM ET by Oppenheimer

Allied Capital (ALD) rated
Outperform with price target $22 by Oppenheimer.

Allied Capital Corporation (ACC) is a closed-end, non-diversified management investment company that operates as a business development company. The Company?s investment objective is to achieve current income and capital gains. The Company is engaged in private equity business. The Company primarily invests in debt and equity securities of private companies in a variety of industries. From time to time, it may invest in companies that are public but lack access to additional public capital. At December 31, 2008, the Company?s private finance portfolio included investments in 138 companies. In addition to managing its own assets, the Company manages certain funds that also invest in the debt and equity securities of primarily private middle-market companies in a variety of industries. It may invest in the equity of these funds, along with other third parties. The Company is internally managed.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
as of 12/31/2008
1 Week up  46.99 %
1 Month up  14.95 %
3 Months down  -78.56 %
1 YTD down  -83.37 %

(*) Stock Price at the time of the recommendation.
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