Zack's is out with a call on American Capital Strategies (ACAS) after their earnings miss. It appears that they still like the stock, but in the near term rate it a hold with a $21.15 price target.
I wrote about ACAS in January when it was noted that insiders were buying the stock around $30.00. Another article written around that time calculated the book value of the stock to be around $34.
Zack's seems to still believe in the stock saying, "we believe that ACAS earnings and dividend growth in late 2008 have the potential to benefit from current pipeline of new investment opportunities, as well as the containment of asset quality."
They also note that the dividend may be the "the major component of shareholder return over the next year" if it doesn't get cut.
I believe that ACAS can get back on track. Like a lot of quality companies, they simply have to weather the current storm that they are in. While you wait for the sun to come out, you can enjoy the dividend yield.