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Franklin Street Properties Corp. Message Board

  • smalltrader smalltrader Dec 22, 2011 11:40 AM Flag

    New all time lows.

    WOW, This company is tanking: Clearly management needs to be changed. This stock has traded to a record low, not a 52 week low but an all time record low. A portfolio of properties owned with out debt, accumulated over more than a decade, is now trading for less than book value and ZERO response from the CEO. Concerns over the dividend were raised during the last conference call and MGMT has made no attempt to assure investors. BAD and SAD for those private investors who bought deals that were rolled in to FSP and recieved stock at prices like $14, $17, $21.... This is clearly a failure, in my opinion, by management. The only hope, I believe there to be, is for a liquidation or a hostile takeover.

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12.54-0.23(-1.80%)Aug 26 4:00 PMEDT