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Apollo Commercial Real Estate Finance, Inc. Message Board

  • bearjew73 bearjew73 Oct 23, 2010 11:25 PM Flag

    Bad management

    These guys are bad news. They are out there to line their pockets with shareholder money and screw the shareholders in the process. This REIT had some great assets at great prices and these whores did a secondary where they sold access to these assets at a ridiculously low price. According to management, the more money they raise, the more management fees they receive and that seems to be their only concern. The incentive system is not properly aligned. The stock is cheap to NAV simply because shareholders know that there's a high probability that management screws the shareholders again with another secondary.

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