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Prologis, Inc. Message Board

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  • jrmills0014 jrmills0014 Aug 28, 2009 6:56 PM Flag

    Something I noticed about a yr ago.

    Let me start out with saying. I think that MM will have it back to $15. by Sept options expiration...When he does, I am going to load up on Jan + Mar calls... Now: They bought back $4bil worth of stk last yr. They only have 144mil shrs outstanding and the mkt cap is like $2.52bil at present. Now that is crazy in itself...Don't believe none of the figures that are showing as earnings. I think it shows they earned like $3.40 last yr. and they actually earned about $10. a shr. They have about the same amount forcast for this yr... In the last yr they have already paid off $1.2b of a $1.6B upgrade on power plants in MD...Just do the math. They emerged from BK 3 1/2 yrs ago. They have $1.91bil in cash. They have bought back $4bil in stk. and have spent $1.2bil on just that one project. They are making a lot of money that is not showing up in earnings report. They do have about $2.4b debt. I would assume that is about the same amount as when they emerged from BK. They also have about $3bil worth of tax credits...

 
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