NRP has publicly announced distributable cash for 2014 between $200-230 million; 50% comes from coal going forward; figure 110 million shares outstanding. Easy math.
I maintain 25-30 of them. This one pays $569 per month. Dividends will likely range from $.80-1.20 annually over the next 5 years. Lots of short term money made on insulting reputations, excessive negativity. FGP(although it has paid a distribution of $2 for nearly 20 years faced a similar attack a couple of years ago...got down to $11, now $26). Shorts...be careful. Don't get caught with those short pants down.
The point of my message was that NRP generates cash flow even without it. The banks aren't going to foreclose. I've been a former commercial credit analyst and commercial banker.
There seems to be a lot of negative opinions of Schorsch. But he managed to build a nearly $20 billion public enterprise, an investment grade credit rating and on a syndicate of unsecured credit lines. Could it be possible nopfb4u, that someone else knows something about Schorsch that you don't?
Major holders include: Vanguard, UBS, Blackrock, CBR Ellis, Morgan Stanley, Credit Suisse, Cohen & Steers. It is funny to think that the posters insulting ARCP think they are going to make a difference. The institutions are looking to generate long term value. There is a short term trading mentality that has sold the less informed they can make money on trades and derivatives, the modern verge of I'll sell you a bridge. And more importantly, the posters on this board actually moves markets.
RMR group has been remarkably stable in terms of income generation/dividends despite difficult markets at times. For decades, the RMR companies have consistently maintained investment grade ratings from the analysts. But reputations of the Portnoys were unjustifiably slammed by those who wanted a quick fix or so they thought. Look out below!!!!
Long SIR, SNH, HPT.
over the decades. They consistently maintain investment grade credit ratings. RMR and scale cover and make more efficient G&A. If you don't like them, then buy EQC. They have suspended the common dividend.
The RMR group has been remarkably consistent with dividend payments while maintaining a credit rating of investment grade. Beware of those who insult the Portnoys(they own $20 billion in assets from which the dividends are generated). The insulters are quick buck short term/hedge trade artists.
They took over CWH(now EQC) and have already suspended common dividend payments. Don't be a sucker.
My IRA was $240k in 1997 when I retired. Most of my income has been passive. I haven't had to sell assets over that time because the passive income has complemented my retirement income. NRP is part of my portfolio. My IRA's current value exceeds $800k and have withdrawn on average 5-6% annually.
Few have gotten rich on office markets over the last 15-20 years, except those perhaps concentrated in very large cities. On a funds flow basis, the RMR has done fairly well. For those focused on stability of income, one could do worse. There are two schools in investing: 1) look for income consistency and the power of compounding;2) trade the derivatives or short term trends and hope the insults of manager's integrity help you get there. I'm not pumping....just a different voice on these boards with another opinion just like you.
Whitebear and others who prefer their clever insults may be making some money on their shorts derivatives but will lose in the long run. I'm with you wooger.
Long 16.5 k shares.
ARCP owns all of those buildings. I can't help but wonder why ARCP sold Cole in the first place and wonder if it was done with value as an "arms length" transaction. This is the only plausible explanation for the sale and Schorsch will be the one who pressured the deal, which in case he is culpable. Time will tell as the regulators sniff. ARCP will be fine because it has earning power regardless of Schorsh.
Long ARCP-7k shares.
I agree with Wooger and Wilbur. I am sitting with my 16.5k shares, no hurry to sell. Who will control or at least strongly influence Iraq, Kuwait and Saudi Arabia within a few years, probably sooner? Will the US Dollar remain the worlds reserve currency?
Sentiment: Strong Buy