David, I will guess the stock will trade down in the morning and then rebound later in the week. While I do like the company, most of my holdings in WPG are in their preferred stock.
I'm not sure that getting rid of the son of the founder of Glimcher is a bad thing.
If you read the whole statement, they are just moving from the NYSE to the Nasdaq. It's probably just a move to save money, as it is fairly expensive to have shares registered to trade on the NYSE.
While I do agree with your post, I do take offense to the name calling. I've never posted under another name on this board, even though I have been falsely accused. There are a few posters on the message boards that do follow me, but I can assure you that I am none of them and cannot control their actions.
I still do not think that HPT and management will allow TA to be sold. If there really was an offer at $14 - then why did management not consider the offer? That is the real topic for discussion here.
You can call the company to buy your 200 shares, but I am not sure if they will purchase them when they can buy on the open market.
Please, let's not have any juvenile name calling here.
No, I probably would not do the accounting for a lemonade stand. I much prefer to help manage multi-million dollar operations with my wisdom and expert guidance.
At the rate the company is losing money, $2 would still not be out of the question. The point of my post was that Golden Gate appears to make some real blunders sometimes when it comes to the valuation of companies.
Do a little research on that purchase and you will see they lost tens of million dollars on that transaction alone.
So my question is this - How much is TA worth now that they are losing money every quarter?
Right now the stock is worth $7.85 per share. Golden Gate did make the offer before the company started losing money and borrowed at 8% to buy C-stores that are also losing money.
Any yes, I probably do know more than Golden Gate. Thanks for acknowledging this.
However, thanks for the laugh. Carl is not interested in a company like this with a tiny market cap.
Agreed. One small increase due to job growth slowing. This should be very positive for REITs over the next year or so. However, many REITs have already locked in very low interest rates for years into the future.
At least for now, I avoid some of the closed-end funds. Too much leverage for me now.
David,, I agree that most new issues are better purchased on the Grey/OTC market when they are new. I am buying shares tomorrow. Glad to hear you have moved out of RFTA and added the new issue that matures at a later date. Good move.
I think I am going to purchase a few shares later this week. I think the company is solid and I LIKE THE YIELD ON THIS SECURITY.