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.
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.
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.
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
Looks.. like the chart pattern has been pushing up to 5 for a year now.. and with this good news we broke 5, now re-testing below 5, and then will move higher.
Looks to me like FTR is going to break above 5.. soon... and not return below 5 for a long time. Holding tight.. just waiting for that next dividend, and next one, and next one, and probably a few more.
Interesting that message on FTR were scant. Seemed like a decent Q, revenue essentially flat lining (Q over Q)which is better than ever before. No issues on debt for 2+ years, CT purchase will be accretive but boost debt levels = more risk is revenue declines. I would say we will head to 5 to 6 range in 2014. Still holding .. maybe last DRIP in March.. we shall see.
Well got a few more at 6.3 cents.. No news yet. Got my fingers crossed. Either they sell off a development property, get 65MW or sell ALL.. either way, I am hopeful that we will come out of this OK and in the black. Time will tell.. most likely within the next month. All the best.
If FTR gets above 5, it is going to hit 6 or 7 or more. All the best. Unless I get some on DRIP, I am full up on FTR.
Wonderful.. it is still large and we have been testing 5. I had thought that short repurchases had moved the price up. I guess not, just plain ole.. company looking better and dividends staying around. Once we break 5, shorts repurchases could really drive the price up. As I said wonderful. Yes, please keep posting short interest.
Interesting.. perhaps. I have experienced that stocks will tend to gravitate toward specific round option prices when there is large outstanding interest, due to some hedging or other characteristic of options trading. Wow, all those calls expired worthless. It will be above 5 next year.. they can try again.
I have to say I am thrilled FTR closed below 5 today. I had sold some (lots for me) Jan 2014 Puts at 5, getting about $2.... about a year and a half ago or more. So, I was nervous when I saw it bounce to 4.97 yesterday. I wanted and now will be put the stock for an effective cost of $3 ! Time to sit back and collect some dividends. Expect to FTR to slowly improve also. Would not be surprised for a dividend boost in 2016. We shall see.
I would not be surprised if Ram trades over .08 as the rights offering was a special offer only to shareholders given at a discounted price. Based on last Qs CC, I expect stock to rally to .25 through a sale of company or merger or better yet a hopeful recovery of operation in Nicaragua. Guess we get either .25 or more or BK if can't keep it going. We shall see. I got some recently at .08 with the dip in share price.
I am new investor... the stock dropped below .08 a few times lately, and may again.. for those that could not use rights offering. I got some at the .08. Now looking for a turnaround. Good luck to all.
Actually, this is not an asset sale but a stock sale. Thus no debt transferred. also the reason that FTR got such a good multiple. they bought the stock of CT company. My understanding is that this will add equity and debt levels. This will not allow FTR to depreciate the assets of CT company. So, reported income will increase but so will taxes. FTR traded getting a good looking multiple on sale for more taxes down the road. I give it a average purchase deal, not great just more and bigger, with more risk if land line declines in use.
I disagree, your break even point is 5.25. I would state that you traded the downside from 5 for the not getting the dividends for 5 Qs. Essentially a leveraged bet on the upside for you and whomever bought 3000 of them.
Other choice was to just buy the stock, get the divs and risk both ways. I think FTR will be above 5.25 come Jan 2015, good luck.
Whomever sold those Jan 2015 calls at 5, will get 5 dividends, the .25 and upside to 5. If owned FTR at 4.75, then getting 1.00 to hold the position until Jan 2015, beside risk of not getting the dividend, looks like 21% over a year and call it a quarter. Not a bad rate of return.
I sold some puts on FTR due Jan 2014 at 5, got about $2, so all I want is FTR below 5 come Jan 17, 2014. I want to be PUT the shares.. effective cost will be $3 a share.
Cash flow is a wonderful thing. Cash from ops was 6M for 9 months , but cash repayment of debt was 6.8M for the 9 months. HTM will be cash flow positive going forward, as this 9 months was unusual. The question is just how much cash flow they will get. I estimate (very rough as HTM does not have a track record) cash ops at about 12M a year with debt repayment of 5.7M a year, so they will get about 6M a year.
They are not going to do a reverse split. Stated such on CC. They are not going to buy back shares. If you want less shares in circulation of traders suggest you buy then up...or if you think traders are manipulating price, sell into them pushing it up and then buy back after they drop the price.
I've got a few shares and if we stay in low 40s, I am going to get a few more.
I am a little surprised at the daily volume. HTM trades it's entire issued shares on an annual basis. For a pretty small stock it has decent volume, so I would guess that a few are trading it.hope the price drops so I can get a few more.