Ah, r7; as a recent poster on the thread, it's not surprising that you would miss the relevance the General's Stanley Kubrick post. These threads are whatever the posters make them. Many threads are inane,if not insane. This is a continuation of the CCA thread, which for the most part functioned as well as or better than any thread I've ever seen in terms of providing useful information and discussion regarding a particular company (pro and con, from a wide variety of perspectives).
What is relevant about the General's post is that he made it. He's contributed a lot of what you would even consider relevant, and set the tone for the discussion early last year. Whenever he posts, whatever he posts, it's nice to know he's out there watching.
As for you, r7, you are just as welcome. But when you do post "relevant" information, please make it accurate or give some basis for its credibility. Many of us are still waiting for some documentation of how you know what Treasury is going to do with PZN (in the meantime, disbelief comes easily).
If you had checked on the new dividend increase. Even the whinners here have been hush on the new rate increase as the whole plan is coming together.
The stock in the last few days is beginning to respond to the new rate(you back buying again?). It's starting to look as if under $20 will be a distant memory(sorry whinners) barring a real market crack(or bubble burst? sorry). But of course the math is just plain simple(and has been all along)...you don't grow the dividend 15-20% and expect the stock to stand still.
What kills me is most likely most of these whinners probably are sitting on some mutual fund that's loaded with 5% growers with P/E's of 50 (Coke-Cola). ""But it's not stock it's a mutual fund"".
Thanks for the welcome, but I haven't been gone. Just haven't been too chatty lately.
As a guy on CNBC said today, "when you talk about 20% growth in a stock nowdays, you have to qualify it by also saying whether it's in a year or in a day". Or, as Cleo said, "welcome to the world of REITs - an eighth here, an eighth there.
Last summer I mentioned the effects of many closed end funds when they do rights offerings. It takes appx. 30-40 days to get the process done and 30-40 days for the stock to generally recover. I've seen this process dozens of times. I'm starting to feel since it took 6 months to close the PZN/CCA deal the time frame will be similar for a 80% recovery to "normalized" price. TO me this says we have appx. 3 months left to buy "bargin basement" priced shares.