Crexus Investment Corp. Message Board
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I am not happy with this offer
If nly wants cxs they should be willing to pay more. I didn't buy cxs so that it could be owned by nly later. A higher premium would make me happier about the deal.
Sentiment: Strong Buy
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The question is whether someone is willing to pay more. The premium is a little light. But, Annaly trades for about the same P/E that Crexus does. On the other hand, Starwood is more highly valued, so could be willing to pay more. They previously offered about $14 per share, and may be willing to bid in that same area now if they're interested in getting into a bidding contest.
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So they turn down a Starwood $14 offer and now accept a $12.50 Annaly offer?
Great board .- 1 Reply to cantpickastock
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I very much doubt there will be any special dividend but info has a point that the next dividend will be paid before the offer is completed. That takes us to $12.80.
I will just hold on and certainly wouldn't want to sell at the present price.
Good luck to all!
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what would make you happy? The offer of 12.50 is worth 13 bucks right now as they won't get this done before the next dividend is paid. Likely it will reflect a special final dividend at years end. imo
- 1 Reply to info_only_1
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I don't know if any further div will be paid. They may be able to avoid it under deal terms.
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NLY are not being generous but why would they be?
CXS has consistently traded below NAV. I have had CXS since the Barclays deal and it has never once traded above NAV.
Saying that, at a circa 10% yield I felt happy to hold on and added more on dips.
CXS is my fav REIT and I will be sad to lose it. STWD is too expensive and there is nothing else really directly comparable....
I am selling for $13 if the market takes us there.- 1 Reply to supranationalshanghai
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I agree...offer seems a little light for this great little company. Not sure what to do here....probably hold through until next divvy.
On a side note.....have you considered NCT? One of my holdings for a while now..great div. yield & rising share price. Small pullback last week or so after the quarterly window dressings were over by the big boys...check it out...you may like. GL
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