Fear and stops seem to be taking it down. The more it goes down, the bigger the fear. I doubt they would issue more here unless they had some deals they couldn't refuse. Secondaries usually come when prices are high. If it goes down like this for about 20 more days, I plan to buy the entire REIT.
They should even consider selling the whole REIT while the ducks are quacking. It would be $11's under almost any other name.
I'm a little surprised IRT stays so low. The next earnings release should be interesting as it integrates recently acquired properties. I do think some areas are getting over built though. I really don't know how IRT would be affected.
And they really should use about $20k of that cash to modernize their website. Products are listed in a .pdf downloadable catalog rather than right on the site with a picture and info about each item. And I'm sure the landing page nurse is a nice lady, but...
Yes, that is the way I understand it. They basically erased the liability part. They were not planning to use the cash until it was freed up:
On September 30, 2013, we received payment of $7,724,826 (the “Judgment Amount”) from BD pursuant to a stipulation in the patent infringement case Retractable Technologies, Inc. and Thomas Shaw v. Becton Dickinson and Company , Civil Action No. 2:07-cv-250, in the U.S. District Court for the Eastern District of Texas, Marshall Division. The Judgment Amount is included as cash on the balance sheet and shown as a liability on the balance sheet under “Litigation proceeds subject to stipulation”. The Judgment Amount is only related to the patent infringement portion of the claims against BD. We have determined not to use the Judgment Amount to fund operations yet.
I would run away. IF this ever gets a real income going, it will be from a far lower share price. Or from another entity altogether. The entity that takes over this one in BK. Or the entity after that. See SA article. Makes sense.
No, it doesn't appear to have anything to do with the injunction. Just patents:
the Supreme Court of the United States denied the petition for a writ of certiorari by Becton, Dickinson and Company (“BD”) relating to its Rule 60(b) motion in the portion of Retractable’s case against BD addressing patent infringement claims.
Well it is only paying a dividend of .18, should sell down to $3 to get the yield to 6%. I think it will be a really good buy. So simple for simple people.
Sorry, I wasn't trying to be snarky to anastasia1, just to the 2 bots or people who wrote articles about OHI having a 3.5% div yield. Why write an article if you don't know a thing about the company? Just to fill space obviously. I'm guessing a lot of people have sold because of the low yield. And a lot will buy when the yield magically goes up again.
Just because your read something written by a bot doesn't mean you should believe it. Put a 3% effort into some research. Like go to the website and read or something.
Sounds interesting except for this part below. I'm not sure what this means. But it sounds like cake and eat it too for Dream Unlimited:
Dream's incentive fee payable upon termination of the Management Services Agreement is calculated in a manner similar to the incentive fee that was payable under the asset management agreement between Dream's subsidiary and the REIT that has been in place since 2007. Under that agreement, Dream was entitled to be paid an annual amount equal to 15% of the REIT's aggregate adjusted funds from operations, including the net gain on the sale of any properties, in excess of $2.65 per REIT unit and, upon termination of that agreement each property was deemed to have been sold for purposes of calculating the incentive fee. The incentive fee under the Management Services Agreement is calculated in a similar manner but is payable only once in respect of the final twelve months of the agreement (taking into account the gain or loss on sale of any properties during the term of the agreement and the deemed sale of the balance of the properties on termination).