It is a very bad sign that the first thing that the "new" management team did
is to conduct what is called a "related-party" transaction with the company's Chairman.
It is further bad, that the first thing the new management team did was to do a transaction,
after they said that their intention was to run the business and not do transactions for a while.
And that is why the stock is testing its low for the year now, and trading below the price of the secondary.
It all smells like that old dirty gym bag you found in the trunk of your car in August.
When you cut guidance by 10% the stock drops.
That's just what happens.
Thankfully, there is no sign that the dividend is in any sort of risk.
I still think they have room for a modest dividend increase (say, to $0.085/month = $1.02/year) in the relatively near term if their performance is on track to meet that guidance.
The sale of Cole Capital, while decreasing scale and diversification somewhat, is a positive for credit quality, and makes the company significantly less exposed to market forces.
You must have mis-read something.
I believe the AFFO guidance for 2015 is $1.11-$1.14 per share. NOT $1.25 per share.
This is a silly thing to say on a message board.
The job of the CEO is to run the company effectively and execute strategy.
The CEO does not and cannot control the price of the stock.
The CEO should not be "commenting on" and "saying things about" the price of the stock above and beyond whether he is personally selling it, buying it, or doing nothing with it. Those statements are made with cash (the most effective medium of communication) via SEC filings.
the equity market cap is less than the amount spent on the 4 new drillships.
of course there is plenty of debt right now, but there also is a substantial backlog.
The key metric to track will be the backlog less the backlog remaining on the 4 drillships.
If that is stable the stock should perform well.
Yeah, got out about $3.15.
Figured I would have a much better buying opportunity.
Could easily hit $2.40 without a continuing flow of orders news.
Did anyone look at the Form S-8 filing made earlier this month?
It is a registration statement for shares to be used for management/employee remuneration.
The number of shares in the registration statement relative to the number of shares outstanding is disgraceful.
it seems that activist hedge funds and private equity firms are pushing BOBE (Bob Evans Farms) to sell its sausage and side-dish business and also to sell the real estate of its 560-unit restaurant chain.
I wonder if ARCP would think it is a good idea to add another big restaurant portfolio to its holdings.
Well, it pretty much is a simple "if, then," right?
He expects it to pull back to that level, and if it does, he will buy it.
Presumably if it doesn't, he won't be back in.
If it goes to $2.75, we'll know he's under water.
Except that a large portion of the e-commerce sales are "pick-up at store."
As an example, we bought some dining room chairs at Pier 1 last year.
They had 2 chairs in stock that we took home, but the remaining 4 chairs were "ordered online in-store" and delivered to the store within a couple of days for pick-up.
So, there is a synergistic effect between the stores (people want to see what they are going to buy before buying it) and the e-commerce platform.
I don't know how it is going to work out, but when I look at the weekly stock chart, I don;t want any part of this, especially considering how low it did get in the last cycle.