PUT CASH TO WORK

AAC

Low-balling some AAC here and got filled (36.00). I have ended up with close to 20% cash as a result of exiting more energy positions in the last few days, and I am looking pretty hard to put them to work. I thought AAC might work here as (1) I have practically no exposure in the media, and this will diversify the portfolio a bit; (2) earnings growth has been relatively consistent, which is rather hard to get; (3) the street is believing that the company will have to up its guidance going forward, which will probably lead the price higher; and (4) It is considered as a take-over target. On the negative side, the stock is not cheap, and expectation is fairly high. If the company fails to up its guidance meaningfully, watch out!.