Just bought half of my contemplated position @ 12.65. Seems like a very good price when compared to what insiders have been paying. If it goes lower this week, I'll buy the other half.
insider buying isnt always what it's cracked up to be. there was massive insider buying of CYS at $12.0 in May. CYS is now trading at $6.85
Good point. With the two worst months of the year coming (Sept. & Oct.) plus Bernanke soon to announce taper, this could go sub $11 before turning around in November.
MIght be early. I'm looking to get in too, but w/ interest rates going up aren't their lease prices under pressure?
Their lease prices are not under pressure, but in a rising rate environment, their cost to borrow increases, possibly leaving less cash to distribute in the form of a dividend.
No, the leases are below market and will add to the bottom line when new leases are signed at market rates 3 years from now.
Sentiment: Strong Buy