Can't see how Fed statement can be bad for reits. Current low rate policy combined with so so economy should keep reits at 10+ return. Last time I checked my mm was paying .025%
Right now perfect environment is 10yr of 2.5-3 and with o rates til 2016 and ECB maintaining low rates this is positioned perfect for no worse than 12% yield
Just got mine and was elated. Never thought it could happen 1288.00. Obviously they have cash as stated!
Bingo weed! Why now? Nothing has changed. Makes you wonder if this cash is all smoke and mirrors. Otherwise why not take this private a long time ago.
I have done this yet again. if they want to lo ball us just do it and be done, unless this is total fraud there is no reason to continue to trade with no purpose or stradegy. Market has been telling them this for going on 2-3 years now.
The reality is I do own it and for2 years the story is always, cash per share more than pps. Buyout rumor, you name it, but why keep a co public if not trying to enhance the value of insider shares or grow the co to raise cash for secondary and acquisitions.
Why does this co stay on US exchange. They seem to have no agenda on improving stock price for2 years now. They keep increasing cash with no plan. Without a plan for this money this can go no place. Clearly if they wanted to buyout, they could with money left over so this is not the agenda. No dividend, no buyback of shares, no acquisitions. Thus why invest in co with no plan and nothing to enhance shareholder value?
I am agreeing with your points plus keep in mind they have significant cash from selling 30 yr mortgages and can leverage back in at the right time to increase earnings along with book value. This has to be near a bottom right now.
I agree, if a buyout was anywhere on the table it shouldve happened. Cash in co could buy this and then some. As was said before prove the cash and everybody sleeps easier at any pps
Consider this am bought premarket 4.17 giving a 14.3% yield against a BV of 4.90. If they don't cut dividend this has a reasonable upside from here.