Our tangible net worth is now close to $500 million; and they want to double it??Such a rapid expansion would have a delutive effect. There is no way that they could double their real estate holdings without reducing their efficiencies on ROI and ROE.None-the less, I am still holding as I do not believe that they would reduce the dividend.
Takes money to make money; one has to believethey will employ capital at the most opportunetime as demomonstated by past wise managementdecisions. They know what they are doing.
Wow, terrible typos, you get the gist though :-)
Now that would make sense; as it would be cost effective to replace debt with equity.
Listen to the conference call! It is giving some very interesting insights to where the 'new' money can, will and is being employed!
I believe they simply want to replace existing financing arrangements for the same amount of funds.
Wrong.What possible fact, of any kind, can you point to to back up your Polly Anna idea. This is clearly, absolutely, positively, setting up to bring in new money.Which is not necessarily a bad thing. They need the money.John