SBY will be 90%+ leased by the next earnings release. Once they get their expenses rationalized it's going to soar. That could be just one quarter away as there was a lot of one time charges this past quarter. Through in some securitized debt and it's a $30 stock. Analysts always have a knack for downgrading stocks at the exact wrong time.
Thanks, it sounds like you've done some good DD, sometimes is takes time for stocks to develop. My question is that with home prices going up, will that eat into their margins or will they pass it on? home prices being their raw material
The markets reaction to the earnings report was initially good.