I had not thought about inclusion in the S&P 500, but it does not seem unreasonable post-COLE.
One of the things I think has kept a lid on valuation here maybe is the speed at which the company has been transformed combined with the structure with multiple partnerships.
I definitely have more work to do, but the deal for COLE is very confirmatory to a view that the problems are transitory. Transitory problems tend to result in intermediate term stock appreciation...and it certainly is nice to be well paid to wait.
The stock is getting a fairly typical "Barron's Bounce" this morning. I will probably be looking for an entry point in the coming week....perhaps by selling put options against it (though that forfeits the monthly dividend).
Thanks to both of you for your comments. See you soon.
Alex, I sell 200+ contracts a month and I do get the dividends(unless there is an early assignment to capture the dividend). When I queried Fidelity, they said my option price gets adjusted for the dividend amount on Ex-Div date. There really isn't good options for ARCP IMO.
Yeah, there is some long term holders checking in every once in a while. IF ARCP completes the internalization and ARC IV we should see a boost, then another increase after COLE merges. It will just take a little time. Maybe another 3-6 months. Can't wait to see what ARCP does after COLE................ LOL