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Power REIT Message Board

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  • andevenabs andevenabs Nov 5, 2011 2:09 PM Flag

    ok-what happened today?

    looking at the 10Q, I think the run-up in shares is simple uneducated speculation.
    The basis for this REIT is quite simple, and that is PWC owns a perpetual lease whereby NS has agreed to pay them 915K a year.
    Whether NS begins to move more cars through is immaterial to PWC.
    If it were, you would find some sort of provision or footnote that provides such a revenue kicker.
    If I am wrong, please point me toward the appropriate financials.
    Otherwise, I see the current share price yielding less than 4%, no bargain.

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