since the early sixties. Never have I seen a
stock battered as much as MT in the absence of any
negative news. I own shares in a number of REITs and
they're all up today, except MT. Don't tell me the only
reason for the dip is that REITs are out of favor.
I think management owes their shareholders an
explanation. The old saw that "we do not comment on the price
movement of our stock" should not apply
Something fishy is going on--my instincts tell me that. I
still maintain that the price will be in the mid teens
by the end of the year. So don't get suckered in by
I agree with you. MT will certainly bounce
quickly when they have refinancing in place. What I am
hoping to do is buy when the refinancing looks like a
good bet (say 75% certain).
I also want to
better understand the downside risk in case the refi
takes much longer than expected. Has anyone had good
luck talking to MT's investor relations? Do they
provide timely info?
The volume of messages recently, indicates to me,
upward pressure on MT stock price. However we remain,
finally, most interested in measurement by bottom line
results. Directors and Management have promised they will
unlock shareholder value. This is the standard by which
we will ultimately judge them.
I will be reading your posts to help
when to get back into MT.
I panic-sold (at a
loss) my MT shares when it was 8 7/8
and falling. I
would like to buy it again on the way up
know how MT will cover the Jan 2000 debt
I believe MT (like most REITs) to be oversold and
be a good buy at these levels, when debt issues are
Do you think there is any risk of Chap 11 if they
unable to refi before Jan 2000? Is there any risk
common MT dividends could be eliminated
Best ... Lisa
Yup, you've got the right stock, but I believe it
is far more than just a show.
with being a yield investor. Looking at MT's 23% div
is veerrrryyy attractive, even for a growth based
investor like myself. Even Peter Lynch loved bonds when
they got over 10% in the 80's.
You say, "With
all the stocks out there in the universe I'm trying
to divine the coincidence." hehehehe...divine
life is duller than the trading in MT, thanks for
sparing us the details, otherwise, I'll listen to
anything fun or informative.
By the by, MT is not a
value play. AN is a value play. I own 1,500 shares of
AN, and if you buy 50,000 today you won't move the
price, so please don't think I'm spamming that one.
Speculative issues, which MT is, at least based on the fact
that no one can do better than speculate about its
future at this point, are not classic value plays. No
one here is even really sure how much this company is
earning per share. And you can calculate EPS for any
company; positive, negative or extracted from other data.
Creative accounting; EBITDA, FFO, etc., only serves to
obfuscate (my favorite word) the reality of whether a
company is really earning money or not. Cash flow is a
great measure of future fantasies for a growing
company, but mature business entities really should earn
money and grow through financial strength, not through
steadily rising debt burden.
"Incidentally, if Yahoo "actually enforced the
'off topic' rule....", NONE of your posts would be
left in place."
Then obviously you havent been
around the MT board very long.
I've posted many
links to (at the time) "breaking" news, analyst
upgrades/downgrades, and the like, as I've found them.
'off-topic' posts I've made have been complaints about the
aforementioned group of inane babblers.
You wont catch me
talking about my personal life on a stocks chat board,
I've been on the net too long to act like some rude