Director Weiss on 4/11 exercised on multiple options covering 2,000 shares. The earliest expiration date on the options was 12/31/11 and the latest, 7/29/19.
There are only a few reasons for early excecise of in the money options, the most likely of which (imo) is an expectation of a price increase. Thus, exercise before the price increase reduces the amount of compensation to be recognized and it starts the holding period for long gains on the stock, not to mention collecting a nice, mostly tax deferred dividend which converts ordinary income into a long gain.
First Somon, now Weiss. I'm tellin ya, these directors are sending a clear message. Ya just hafta be smart enough to listen. Spelling doesn't count. Paying attention to the insider signals does.
No. Shiffman said so on last CC. Gonna use increased ffo to reduce leverage ratio. Fine with me. That results in a stronger balance sheet and less interest expense. Interest rate increases are just a matter of when, not if.
However, added ffo from new properties (if closed), imo, changes 37 cents from rock solid to hard as diamonds. An easy stock to sleep well with.