But that's just an estimate because the company doesn't give out an updated BV until Earnings are announced. Correct me if I'm wrong.
Hey science, are you going to still tell the rest of us here that there is no dividend cut? Or are you going to accept reality?
I never heard of a company issuing debt to buy back it's stock. By using cash generated from operations it doesn't cost anything. With debt they have to pay interest on the borrowings.
Didn't mean to infer that the NAV climb stalled; just tapering off from the $1 to $2 moves it incurred in past quarters.
sandy, Elvis had a song called If I Dream. Keep dream'n for $4 and $40. So jesse ices walt. What happens to the money?
Why would anyone want to invest in ACAS today when they look at P&L's over the past year and see that NOI has been basically flat and buoyed by the management fees. Companies/and or equity interests in them have not turned over like they used to resulting in a significant reduction in profits from realizations. Management has stated that the market for investing in mid-size companies has dried up. It's also looking like BV may be leveling off some. So we all know that it's great that the company is buying back shares and our BV/share is benefiting from it. But when the Market assesses performance it focuses on Revenue Growth and Net Income. And that's apparent because the SP put the brakes on and sold off from it's highs when those two indicators fell off. So what I'm saying here is you can't just focus on share buybacks for growth in SP. So in my opinion, given stagnant Revenue and Income Growth, the only real incentive for movement in the SP would be a reorganization providing a basis for reinstituting a cash dividend but also allowing for the tax write-offs to continue. JMHO
Would like to know how you come up with predicting a $5 dividend? They're not even doing $70 million in NOI quarter. They would need to do more than 3 times the current NOI quarterly with 175 million shares outstanding to come up with $5 annually in dividends. Get real!
Unfortunately it appears that the Market is focused more on Earnings Growth and Net Operating Income than NAV and Buybacks. The NAV will insure that the SP stays above a certain level though. That's why a few months ago when the SP went under $12 it bounced back above $13 pretty quickly. If they paid a cash dividend tomorrow this stock would be close or over NAV. And the prospects of a cash dividend are well off in the horizon unless management does a reorganization in the interim that provides an outlet for a cash dividend to shareholders.
Actually I thought you shoved all those shares up your a@@ and; took a picture with your smart phone; and tweeted it to Anthony Weiner.