I dont think we'll see an increase in the distribution for atleast 2 to 3 quarters. Not according to what Joe Massoud has said in the last two conf calls. But hopefully if the economy does well and we buy another company or two, the 3rd qtr 2011 would be my guess for an increase.
Furniture stores not doing well and resulted in an impairment charge.. Predictable I would say..Although the competition should be reduced with all the stores going out of business given the current housing situation..
Joe indicated on CC not to expect a payout increase until Q2-ish next year. Thought in general that the CC was a little low key. Really expect a little weakness here on a combination of "sell on the news", profit taking, and the lack of any real enthusiasm on the CC. As an aside, does anyone have any theories on why the short interest is so high - the carrying costs to cover the payout implies a significant price decrease to recoup the expense. Have held and added to these shares for over three years.