NMB, it took a lot of guts as well as funds to buy as many calls as you did. The SP seems to be going the way of this current market sell-off. Hopefully it's just a temporary reversal like the prior sell-off.
Traders are taking profits on yesterdays runnup. This is the worst of the worst reits. Management drove the SP and dividend into the ground and took in 10's of millions in Fees along the way. The Pumpers want you to believe that the share buyback is alone going to propel the SP. That's ridiculous of course. I took a risk yesterday and Sold July Put Options at $4. Don't see an immediate risk of the SP going back under $4 anytime soon. But who knows with this Management. They don't respond to emails or other inquiries. I wonder what the big mystery is with them. Or maybe just arrogance.
And they should be putting the money to work beefing up their portfolio and generating income. My question is are they buying back shares that will be placed out in a SPO in the near future?
Good one. So you've got a problem with this Managing Director's decision making but apparently not with Malon Wilkus who runs the outfit and evaluates Graff's performance.
Overreaction. All the reits are getting clobbered. Not worried about AGNC and MTGE. Kain has been making the portfolio adjustments to deal with the interest rates affecting his end.
Their so-called IR doesn't even answer emails. One thing for sure, they know how to rack in those Management Fees.
So what's the problem? Can't use the excuse that it's a bad market day.
Yeah, they will need to dividend hike to move this stock from here. It's like watching paint dry. All this talk about a short squeeze was nothing but pumpers pumping.
When you get your million, billion or whatever shares, demand a seat on the ARR Board and get some transparency from those idiots that run this company