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iStar Financial Inc. Message Board

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  • mlbgallery mlbgallery Oct 2, 2011 8:12 AM Flag

    SFI mention - Stocks That Could Be Bought Out By The End Of The Year

    Not to mention those numbers are using depreciated values. Most properties can not be duplicated and are worth far more than book value..

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    • The reality is that existing shareholders are "buying in" the company via share repurchases.

      The recent $65MM authorization might plausibly retire 10MM shares.

      There's a rather significant divergence going on between the current share price, the fundamentals underlying the company and the visibility thereof, and the presumably declining share count which would be increasing book value per share. A now cheaper share owns a greater claim on the company than before.

      I'm happy to have my percentage ownership of the company going up while I indulge my proclivity for omphaloskepsis.