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The Empire District Electric Company Message Board

implants_2 2 posts  |  Last Activity: Dec 18, 2014 10:35 AM Member since: Feb 24, 2005
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  • The primary goal of this entity was to produce "reliable distribution
    paying investment by generating stable cash flows". The distribution has just been dropped from $1.05 to 0.36. Therefore management gets a graded with an "F" - at unit holders expense. Nevertheless, they will continue to collect large salary and obtain more units, thus diluting the ones that you will purchase.

    These types of relative tiny entities are set up for a annuity or job for the management team - not for public unit holders. At some point buying low enough you might come out OK but don't overlook the track record. This is not about you - it is about them.

  • I guess the market believes Mr. Koo is stupid enough to #$%$ away 100 million over the next 3 years. I don't think so.

    That leaves the chance that the over-built property values are going to decline in this part of Shenzhen and it will be difficult to lease out the new commercial space. Who knows?

    I think I'll hang around but we may not see much help with the share price until 2016. I hope the company is comparing the potential return (IRR) on buying shares for less than cash value vs. spending it on building space at this point.

25.35-0.21(-0.82%)Feb 27 4:02 PMEST

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