According to 3 different financial sites, the current share price is approx point 9 book value, which makes the BV apprx 12.20 per share. That is a DISCOUNT to book value, not above BV as some comments state.
I do not appreciate Cole Reit issuing press releases that pertain to their private Reits , which COLE
investors have nothing to do with and do not benefit from. Latest regards a major property purchase
for the private reits, but a press release is under the COLE listing. Senseless.
Instead of reading the posts on this message board, go to Seeking Alpha and you will be able to get a thorough understanding of what makes this LP tick. Nothing in these comments is complete. The refiners are much more complex than this board illustrates.
It depends on the share you purchased at. Purchasersint the IPO range are basically even.
That is a good plan if you have the funds available. Just keep averaging down in small increments. The payout will vary widely quarter to quarter.
It is NOT an MLP. The people on this board should go to Seeking Alpha to understand ALDW and then come back and write something intelligent. Frankly, it is dfificult to understand how refiners operate and earn money, especially with the Federal Government and Ethanol subsidies involved. It is a complex issue which cannot be written about in these short blogs. It involves the location of the refinery, the transportation available to move product in and out, the cost spread between various types of oil, the bledning requirements mandated by the Govt, etc. You folks are turning this into a one trick pony. Go and learn the facts and then write your essays.
Second post - note that YAHOO FINANCE has some invalid data posted here and there about this LP - read the Insider info and you will see the individual listed has sales far above the max share price this LP has ever traded at. May be other misleading data presented. Just read the LP financial report and they have the facts.
ALDW went public on Nov 20, 2012 at $16 per share. Any of you brilliant investors commenting notice that the current share price is down about 25 CENTS from the IPO issue price. You cannot judge the LP based on what investors bid it up to since the IPO , but from the initial price. If the Parent thought it was worth $16,
and it is still trading right on point, what is the gripe. They stated it would be a variable payout and that is a fact. Live with the facts, not your surreal greed. The profit margins are being affected by a number of variables, all of which you can review on the company website or Seeking Alpha and other blog sites, where folks a lot smarter than me offer the reasons for the distribution amounts.
I am concerned that 'investors' like you, with no patience, are putting your money into what should be income-oriented, long term products. No matter what the dividend, it will be many times what you receive from a Treasury bill/bond, Cd, etc. If the share price drops, i will just add incrementally. That's what LONG term investing is all about.
It is ludicrous to get involved in a legal matter over this prospective buy-out. I sold my LSE-C one minute after seeing that news. Only the attorneys make money, hardly the shareholders. Sell and use the funds elsewhere, or buy ARCP. They just announced another purchase of properties, from GE, and they are expanding faster than a "speeding bullet " ( so to speak ). On another topic, I would not be surprised to
see them start purchasing the Cole shares when they become public. ( Just a guess ).
I own both symbols POST spin-off. that is, I purchased the WI shares for my acct at TD Ameritrade.
The NRZ shares are showing in the account correctly and I can buy or sell. The NCT symbol is NOT showing in the account, so I can buy, but not sell. I expect they will show up overnight. However, my account TOTAL BALANCE is correct, so the shares are in the reorganization function at this time. Other comments that state they see their NCT shares in their TD Ameritrade account are probably just earlier in the que. This whole process has caused havoc depending on ones brokerage firm as they all handled it differently. and the porblem was the way NCT performed the spin-off ( EXTREMELY POORLY ).
Please use common sense. the prices mentioned are after the separation. currently the two W.I. shares added together are equal to the NCT share price.. within a few cents, and will remain at those levels until after the two companies trade separately. I am NOT an owner but am looking to purchase when separate trading occurs. I sold NCT prior to the so-called special dividend ( separation) went into effect. I hope separate trading is begun on May 16 or soon thereafter. That is when you will see what each portion is worth in the market.
The point was that the company itself in its filings stated the spinoff was a "special taxable event ". There are those of us who wish to avoid such matters entirely. So I personally sold my shares ( at a nice gain ), applied the gain to offset previous losses, and will look at the two companies post separation to see if either or both are worthwhile buys to me. Each investor has his/her own situation and own method and, as stated, I have no desire to get involved in what may turn out to be a complicated tax issue. Now I have a clean gain and if I repurchase shares of NCT and/or NZR, a clean cost basis . Furthermore I used the funds to purchase a new preferred that I was interested in, so fo me, it was the best way to go. I certainly do not fault those investors who did not care about the tax implications if they wish to deal with them. Thanks
NRZ is already trading. The symbol is NRZWI. NCT symbol without the spin- off is NCTWI. NCT symbol including spinoff is NCT. Just look at the latest SEC filing on the NCT website. I own none of these as I sold my NCT when the situation got too complex for me to understand. The WI shares are not on broker sites so you have to phone to trade. They are all listed on the NYSE website. Nothing to disclose.