Mon, Jul 28, 2014, 11:55 AM EDT - U.S. Markets close in 4 hrs 5 mins

Recent

% | $
Click the to save as a favorite.

Alpine Global Premier Propertie Message Board

  • noquit4me noquit4me Dec 20, 2010 8:32 AM Flag

    No Bonus -- Then Sell AWP

    Only 5% dist -- not good enough for me. I'll sell and go elsewhere if AWP managment doesn't pay us a bonus this week. Ugh! Anybody have some good real estate picks out there? Thanks in advance.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • good luck to you!

    • why would you sell $8.46 in assets for $7.12??

    • I've been looking for an AWP replacement for weeks, have checked out some REITs like IVR, NLY, HTS, ANH, and MFA, all have various issues though...NLY is going to tank, I guarantee it, HTS was just downgraded but in the CC the CEO said the div is safe for 2011, IVR just completed a dilutive offering, might be a good time to jump in.

      I've made a lot of money in CGMRX (up 70% including re-invested divs), I caught it back in late '08 at $16.34. It's up to $26.13 as of COB yesterday, but the quarterly div rate has been dropping consistently, so I wouldn't recommend it now.

      I'm still mulling around trying to decide what to do, but with the hugely surprising special div announcement I'm certainly going to hold my AWP until ex-div on 12/31. If I could get a guarantee that I'd get it all in cash I could then sell it without having to pay two transaction fees, but I highly doubt they have enough cash on hand to pay what I expect to be flocks of folks wanting cash instead of more shares (they will pro-rate cash/stock payout ratio).

      I really need to see the year-end report to make my final decision on whether to sell or not, stale numbers on CEFConnect just make it too hard to see how AWP is really doing these days.

      If you find a good replacement or have opinions on the REIT's I listed above please post them.

      • 1 Reply to ex_hacker202
      • "I'm certainly going to hold my AWP until ex-div on 12/31."

        12-31 is the record date, not the ex-date. The ex-date is the 29th.

        "I highly doubt they have enough cash on hand to pay what I expect to be flocks of folks wanting cash instead of more shares"

        Yeah, you're right. Only 10% of it will be in cash. I'd bet more than half the shareholders would opt for cash if they could.

 
AWP
7.4293-0.0007(-0.01%)11:48 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.