Conference call was very positve with a substantial divvy increase by third Q. Light st is now 95% rented up from 23% two years ago. Next Q should be a blowout.
First of all you are quoting a divvy of .37. This stock has been paying divvy of .45 for the last two years. See news release on yahoo dated 4/12/11. Divvy is .45 4and a half cents per month = .54 cts per year div by stk price of $8.47 = 6.37%. Yahoo has the wrong divvy on the quote page. Just trying to be helpful. Im from Texas and out here were all like that.
Yea. I got about 3k shrs when they were giving stock. Got the 3k shrs at average price of $4.16 per shr. We got a special divvy way back in 2008 at @2.00 per shr. You and I have been here for years. Im down now about $4.00 a shr and hoping for the best.
As a retired comm RE mortgage officer I would say the scenerio is perfect for LXP. The lenders for spirit know they are under water probably or close to it. LXP makes a deal with the lenders and spirit for short sales on the best of the worst Min 20% below present mkt value.
Spirit Finance W/one of its owners being Macquarie. Barclays Cap & Macquarie are advising the possible sale. LXP is named as one of the possibe buyers. 3.5 bil. LXP could only take part of the 3.5 bil. Just a possibility!!!