Yes, we are getting a good deal, although stock-price-wise it may not reflect it in the short-term. But the 56-44% split between CSG-GPT have locked in the good deal. I won't worry too much about the price. I only care that we get CSG's properties at a discount. I would keep my finger crossed that the deal will go through.
I don't think this necessarily moves the management closer to the 2016 $36 incentive target. But I think this would benefit the company in the long run. REITs is about scale, cheap capital, and diversifying portfolio. I think Mr. DuGan is looking at much longer down in the road than just the 2016 incentive package.
Thanks, yes, I just got time to listened to the CC and you are right. I am curious why they haven't taken any debt on those two ships yet.. Their revolver is fully drawn and they are paying 10% interest. If they could borrow at anything lower than 10% against those two ships, why not do it as soon as possible?