The buy out of SAR was like the invasion of the
bay of Pigs. There are too many strings attached and
too many strange actions that followed. Ask yourself
this. Was buying LQI a forced deal in order to get SAR
? Not all gangsters have Italian names. There is
crime in all levels of Govt. and Wall Street.
a nice day.
PS/ Drop in at my resturant in
A very interesting question,possibly for the
Who owned or benefited from short sale of 8 million
Were they in a direct or indirect
with the parties to the various
mergers and acquisitions?
Ask any of their 15000 brokers. They have little
enough to do with all the competition from discount
brokers cutting into their trades. What they have to tell
you might not be unbiased, but they still are in the
drivers seat. GOOOOO Merrill Lynch
for MT located? Especially, the technical
information that is readily available to you and to no other
Everywhere I look, the data is N/A,
MT IR provides no information, and there is no tech
analysis to be found anywhere.
If your last post is an
infrequent serious one, on a scale of 1 to 10, with 10 the
high point of seriousness, you get a rating of about
They had said that sometime in the last week of
September or first week in October they would be announcing
a new ceo and how they would deal with the paired
reit status. Nothing happened. Then they said toward
the last of October they would have some kind of
announcment and still nothing. Is there any kind of time
limit on announcing a new ceo and how they plan to deal
with the paired reit question or can they can they
keep this up indefinitely.Do you think where the short
stock price goes will dictate what they plan to
announce in the future? I would think they have only three
options.(1) Stay a paired reit (2) Corporation (3) Spin off
into separate companies.If they sell SAR and all of
SAR's assests they lose the paired status,right?
Thank you very much for all your technical input.
As you know I am seldom serious but from all the
posters and all the information I have gathered regarding
MT MLI and ML I have concluded there are other
places I would rather put my pesos than in an
investment???? that apparently is run by a senile board of
directors and the headless horseman from sleepy
Feb.99 is a long way off in my opinion and even then
there is no positive outlook for REITs with the current
state of the interest rate decline. Your mention of the
tip of the iceberg is very true in regard to what may
happen to this and other abstract investments that are
backed only by funny money. I have been fortunate enough
to have survived several recessions and a major
depression and the overwhelming evidence that we are at the
end of a bull market is that there is simply no other
place to put your money than under the mattress. The
banks pay next to nothing for deposit money and the
market is over inflated with nothing left to go to the
little guy. Markets go up when interest rates go down,
markets go down when interest rates go up and as long as
people are searching for greater returns this will go on
The only thing that could propel this tired market
any higher would be a whole new breed of investors
that are willing only to trade with sophisticated
computerized trading programs derivitaves and high margin
This has happened many times in history and it will
happen many more times, ever since man could count on
his fingers and toes, till the abacus and now with
computers and super computers.
The problem with all of
this is that it is dull and monotonous.
So... In my
absence please try to keep the board cheerful and happy.
Limit the technical crap as it is readily available
anywhere. And above all, never print on a message board or
in Email anything that you would not print on a post
card. There simply is no security on the net.
Don't ask will the dividend be cut...ask when and
by how much the dividend will be cut.
sales = lower FFO = lower dividends
MT will be
an entirely different company in six months. It
might be three or more separate companies.
The loss will be charged against FFO. You may not
see a dividend.
Assuming the story which came from
an undisclosed source has any validity. Personally I
would not bank on any rumors that you read on a message
board. They provide recreation between chores for most.
Remember too this is only a bonehead idiot responding.
Well, Frichard is wrong. FFO excludes one-time
gains and losses.
The race track and the land
were marked to market for about $100-$150 million at
the time of the purchase of SAR. Some of the $383
million purchase price was also assigned to other assets
that SAR held (e.g., fashion mall), but about $195
million of the purhcase consideration was put on MT's
books as goodwill.
The accounting basis of the
racetrack is in the $100-$150 million range. The tax basis
might be different, but let's assume it's not. So MT
might not take a loss on the sale.
is, Does MT write off the goodwill associated with
the purchase of SAR. It probably will, considering
the paired share structure is being dismantled and
the racetrack might be sold.
create a large accounting and tax loss, and any
dividends received will likely be treated as a return of
capital since the dividends will exceed MT's net
This begs the other question: how low does the
dividend get cut? Anyone who believes that the current
dividend will remain intact is nuts. Remember, the company
is selling assets, and FFO will decline as a result!