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Staples, Inc. Message Board

gardner5555 4 posts  |  Last Activity: Dec 19, 2014 8:43 PM Member since: Feb 22, 2002
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  • gardner5555 gardner5555 Dec 19, 2014 8:43 PM Flag

    Curious, can ARPC actually go into the market and buy back just some bonds at current prices??
    I don't think they can. Seems like there are bond covenants that restrict this practice. Just don't remember seeing it ever done. Yes, full tender offer at par, but not selective discount buy back.
    Comments.. please.

    Sentiment: Buy

  • Reply to

    Even With a Dividend Cut

    by alexalekhine Dec 17, 2014 2:18 PM
    gardner5555 gardner5555 Dec 17, 2014 8:29 PM Flag

    It is surprising that people don't get that concept. Yes, 90% of taxable income which is not equal to AFFO or FFO or Revenue or ?? Just looked at last three years.. ARCP had no taxable income.. So they could have paid "0" Yes, 0 in dividends and still been OK with REIT status. Got to love Depreciation. I would really prefer if ARCP paid out 50% of FFO, so yes cut div by 50% and then pay down debt for a bit, then use cash flow to purchase more properties or to buy back shares if we are still trading at these levels.... whatever is best use of cash flow.

    Sentiment: Buy

  • Reply to

    What is the new adjusted FFO?

    by frdmhr Nov 4, 2014 11:28 AM
    gardner5555 gardner5555 Nov 4, 2014 6:00 PM Flag

    Correct, of earnings, but ARCP has little if any earnings. Depreciation charges eat up most earnings.. thus the industry uses cash flow for valuations. ARCP may not have had any earnings in past few years. So, if they wanted to.. ARCP could not pay any dividends and still be OK with the IRS.

    Sentiment: Buy

  • Reply to


    by insiderinfo911 Oct 16, 2014 3:10 PM
    gardner5555 gardner5555 Oct 17, 2014 6:39 PM Flag

    I don't agree with the strong sell rating you have, but share some of concern with how they will get funds for development. There is only so much coming in from current operating plants that the funds needed for pipeline of projects is a big question mark in my mind. While I do think this last stock for reservoir was a good deal.. would like to see plan for development and timeline. Additionally, the gov and states seem to be starting to recognize the benefits of constant output and green aspects of geothermal.. so there should be some funds or tax credits flowing in our direction over the next few years.. hope and expectations are good but cash in the bank for development would be better. Show us a solid development budget and stock will be over $1.

    Sentiment: Strong Buy

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