Shocking that the Board had the gall to pull this stunt....sort of like
an Obama interim appointment with Congress in session...
I voted last week for Board removal. Portnoys should get a real job. CWH's whining note came yesterday...
a week late, and many dollars short.
Sentiment: Hold
This from Seeking Alpha 8 mos ago.
"Shares of CommonWealth REIT (CWH) have performed poorly over the last five years. Shareholders have seen the book value, net operating income, and owned square footage decline on a per share basis. At the same time, the manager of CommonWealth REIT, REIT Management and Research (RMR), has been able to increase the management fees it charges to CommonWealth REIT.
This is unusual in the fact that CWH pays an external manager to manage the REIT. Their partnership awards RMR for growing the real estate portfolio by paying a static fee of .5% on all properties purchased in addition to the regular management fees. We believe that this arrangement creates a conflict of interest because it puts an emphasis on growing the amount of properties owned by CWH instead of delivering value to its shareholders." Thanks to Corvex for this try at getting a new Board that really will look out for the shareholder
Sentiment: Hold
Long term holder of CWR. Have had enough of the Portnoy clan and their
RMR/CWR piggy bank. Cast my proxy votes to throw them out. New
management can't do any worse (hold, if new Board takes over)
Sentiment: Hold
Bunk
Think you are right on. This MB is infested with Dimon haters who are
probably old Bush haters. Jamie is not St Francis reincarnated, but he
can run a company. Bet on the jockey, still has merit.
Sentiment: Hold
OCC downgrade likely petulant Obama's revenge for Jamie
giving serious support to the Republicans last election cycle.
JPM had record quarterly profit, despite the Whale fiasco.
The money was lost by speculating investors...not like the billions lost
every few hours by the US taxpayers by the Democrat spending
spree.
Good stock...may get more.
Sentiment: Buy
? the reverse split