Why don't you buy more shares? Can't think or make decisions by yourself? You expect NMB to do yours and others bidding here? I bought more Options today. Didn't think once about NMB.
Better than expected Earnings and an announcement that the BOD passed the Reorganization Plan which will be discussed at length in the CC. We need this!
Maybe the question here is how the windfall for ACE3 vs the parent ACAS benefits in a potential Restructuring?
Many of us are feeling the same frustrations you are. But now that management has provided the timeframe for a Board approval it's my belief that the SP will gradually move up to near NAV in anticipation. During the CC they stated that they expect improvement in NOI which will also assist in the SP movement. So from a capital gain perspective the prospects for $20 per share is within the realm of possibility. Waiting to hear NMB's take. JMHO
Hey, it's worth the shot and should pay off handsomely. The SP is in oversold territory so how much more can it go down without any negative news attached. I personally delved into Jan 15 16's and averaged down once already. Will probably pick up more early Monday.
I presume you listened to the conference presentation they made recently. Hardly made reference to the reorganization process planning ongoing and expectations. All the company speaker did was differentiate the different investment divisions of ACAS. Anyone could go to the last quarter presentation screens and see it for themselves. Totally disappointing!
Haven't seen the SP this Oversold in some time. Just look at the MACD and RSI and you will see what I mean. I'm with NMB as regards the suspension of buybacks. I have strong confidence that Malon and Co. know what their doing as regards the Restructuring and we just need to be patient.
ARR has proven to be the worst of the worst of the reits. It's track record speaks for itself, and it's current yield reflects as such. BV is not going to make one iota if ARR Mgmt. cuts the dividend again. NOI has not covered the current monthly dividend, so I would expect a dividend cut sometime in the coming months. Then you'll see a significant dive in the SP to new lows. BTW the differential between BV and SP is an indication of just how lowly the Market thinks of ARR and the risk for futher declines.