I called the company and got not where! They will make an announcement when August,, earnings are announced. THERE IS NO GUARANTEE AS TO WHEN A DIVIDEND WILL BE PAID! THIS IS VERY POOR MANAGEMENT AND I DON'T KNOW WHAT TO DO WITH THIS STOCK? Does anyone?
Paying off the legal costs! What about the FBI, SEC and law suits? The earning reports don't look that bad, they are paying off DEBT! Tried to call company? Good Luck! Now they are worried about the potential of raising interest rates! Poorly managed company that Nick screwed up! I am just trying to get out even. $9.30 range! I'll settle for $9.20! This management just doesn't care about shareholders!.
Why doesn't the company go after Nick for OUR money! He is the one that benefited! A REIT that doesn't pay a dividend??????? for pennies misstatement??? The company look fine financially BUT has a cloud hanging over it we don' KNOW about! WHY?????? I bought for the dividend yield, that is not available anymore! What about all the law suits WE have to pay for? What about the FBI and SEC investigations?
All the above comments ring true and I agree with them. I have sold my three positions because it's not a clean board and this is going to take time to clear up. I purchased for the yield, that's gone got the for seeable future. I too wonder about the SEC and FBI involvement, no mention except a vague MAYBE divided at the end of the year. I consider this a dead stock that's going to take a LONG time to right this stock. I took my minor loss og 6k and left and look for greener pastures! Best of luck to all who remain! I am 80 and doubt I can out live this mess!
If you are holding it going to be for a VERY LONG time to regain a decent REIT status. No dividend, earnings questionable, no management, too much debt (S/T) still NO 2014 year end results, 2915 is a questionable outlook? I sold because I purchased for the yield! There is NO YIELD and at best maybe year end? This a 1 to 2 year dead stock! All the rest is wish full hoping! I got out at a reasonable small loss! This is NOT a stock that I would sleep well with each night! Funny no mention as to the SEC or FBI invest ions? Market don't like the UNKNOWN maybes! Amer
I went one step further! I sold all share I control. Why? I purchased for yield. There is NONE! Maybe end of year? Earning for 4th quarter should be available? Not There! I was not impressed with the presentation? Too many question that are hanging out there! I'll watch but I don't see this stock rising, no reason for it to do so. I got mostly even and took at small loss of $6k, This stock is dead for 2015! All it is a WAIT!
Sentiment: Strong Sell
March 2nd will shed the most light on arcp. If vaforable the stock becomes a buy and hold at higher levels. Thst is the question? If you are inclided to believe announcements are made favorable then buy. If not sell. I will add today willing to take the risk. If not long ride on this train going nowehere in the near future.
The company has books that are being audited to their accurcy. It's 3 months to audit and supply to it's creditors just where is stands financially. Withour a audited accuratemonthlyu reports and ok from the creditors, " dividends will be paid!" earning unknown, must be cash flow but what is it being used for? Company has provided nothing to the shareholders, (unsusal?) market doesn't like unknown! I doubt any good news is forth coming, (new management or not!) it must regain the rucst of creditors and sharehoders, i don't see that happening, yes! Are saaets and cash benefits? I am holding a stock without "any " financial input to base a decision on. But more? Why? Sell why? Earning or guidance unknown? I have 7-8k stock in three retirement accountsneed high 10's to break even, short? No long no! Market way over it head and "no financial data to support it!! Any upside is based on rumors and dowside as well! I doubt (but hope!) that early march, 2015 will clear the are one way or the other! if they have losses i want to know about it! Disgusted stockolder dangling in the wind! Company is not providing any guidance and i can't seem to get anything? Anyone have any information that not base on hope or speculation i wuld like to know what it is? There is none i have found!
Hopefully we will know by early March, 2015? Waiting for audit information, earnings, dividends, outlook and new management? This stock is a mess and the stockholder should get some information to base some action on! Just over a point away from (7,000) shares holding three accounts!!
Earnings tomorrow???? News on audit???? News from company???? Any of those are needed to get a meaning full move! OR! Beginning of March may shed light on this mess! Up one day and down this next! Yes the funds are doing the trades, not the public! Vol. was modest! Without a dividend, hard to fallback on anything? $8.5 without surprises, I will buy if not tough it out and either sell or??????