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  "documentTitle": "Allied Capital (ALD)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2002-06-17 00:00:00",
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  "notes": "This is a classic 'short thesis' document, specifically highlighting accounting irregularities and valuation discrepancies.",
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      "text": "Allied appears to be openly flaunting SEC requirements.",
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      "text": "1. Allied Appears to have Created Its Own Accounting Methods. 2. Allied Appears to have Mismarked Individual Investments. 3. Allied does not Reflect Temporary Changes in Value. 4. Allied Recognizes Permanent Impairments as Unrealized Depreciation.",
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      "text": "the Small Business Administration Policy is far more applicable to the portfolio of a Business Development Company than the valuation guidance set forth by the SEC. — Allied Capital; the appropriate standard is, ‘what can you get for it today?’ — Douglas Scheidt, Associate Director and Chief Counsel in the SEC's Division of Investment Management",
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