yep we are all here by an infinitesimally small chance upon infinitesimally impossible odds of spontaneous protein generation synthesis. We then of course Darwinize ourselves into the Human Race we are today. Yeah good call painter.
Actually you can do both, growth and income. Go ahead and reinstate divy at 15 cents a qtr and let the price get around 7 or 8 and do a secondary. Then you could buy some boats or pay down some debt with the proceeds.
Should be around $12 actually. Adj FFO of 1.32 annual * 10 (for reit hybrids) = ~13.2 share price at min.
throw us a bone one time Ian! They have had all year to get this refi and still havent got anything to show for it. What else are they busy doing making sure the boats stay afloat?
true poor noi growth but that is partially due to dispositions. Hard to argue against a 8.5X FFO multiple though. Most other mall reits are going around 17-20X FFO.
sadly the cost savings that will have to be incurred due to the the tax hit will probably be letting some employees go. All because the government thinks, "Gov'ment know best."
The two largest segments of ACAS, its operating companies and European Capital (60.4% of assets) are producing the least amount of operating revenue respectively (19%). On the other hand structured products, acam and sponsor finance (39.6% of assets) are producing 81% of the operating revenues. Are u kidding me? If we sold off 60.4% of the company right now we would still have 81% of our revs. WOW. What no one understands is that ACAS is just a BDC HOLDING CO and not an income BDC.