Good idea since the PPS is bouncing up post divvy, but with the announced 1.3 DCF coverage that was announced, I think management will let that sink in a bit and not make an offering with the distribution at current 10% rate -- continued borrowing is significantly cheaper even if it means postponing additional acquistions for antoher 60-90 days. Just my two cents. Will be interesting to see this play out since we have already been waitng a few months for it. Lex.
Under North Carolina law, certain persons who have been convicted of a sex offense or an
offense against a minor are required to establish and maintain registration in compliance with the North
Carolina Sex Offender and Public Protection Registration Programs.
You lost this bet, but I am not sure what you were proposing anyway. What does betting "a dollar to a donut" mean? If we made the bet, could I now sell you a dozen donuts for $12?
Anyway, thanks for the suggestion re the equity offering. I thought after seeing your email and yesterday's run up, you might just be right, so I sold 3k at $18.60, then thought earlier today after reading transcript you were wrong, so I repurchased at $18.30, and with bump to the $18.48 closing price, I made an extra $1000 on the quick flip. A lot of luck, no doubt, but I owe the idea all to you..
Still hold most of my shares for long term 10%+ yield. Good luck and thanks, Lex