and the distribution accretion that the offering helped pay for has amounted to about 1% over that seven months, or about 0.06% on an annual basis while requiring substantial income to pay for the continuing additional distribution amount.
They state that the new acquisition will be accretive upon closing which will be on or before the end of January. We have seen a number of acquisitions that they stated would be accretive that did nothing to increase the distributions (maybe accretive was necessary to maintain the distribution?). We shall see.
Look for rants on Yahoo about how bad a stock is, and do the opposite (or short based on someone pumping a company that makes no sense like Sears over the last number of years). Loaded the wagon with LINE late yesterday, per this methodology.