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PCC Message Board

  • larrylarry702 larrylarry702 May 31, 2012 3:45 PM Flag

    Remember.....

    Remember that a REIT MUST make minimum dividend payments. If the dividend is dropped down it's bcause earnings have fallen. However it's difficult to say with this family running the show. The've been less than candid on several issues over the last few years.
    The only logical explanation for them attempting to sell out is that there may be a family feud, like the one a few years ago where they kicked out a family member and called his departure his desire to "pursue other interests" (with the farewell bonus in hand).
    Whatever price they might agree to depends on how bad the feud is but, rest assured they will fare much better than the outside shareholders.