Well, I don't think it is a plus or a minus. I had hoped they would pay cash for the new four seasons and I think the market liked that plan. Hopefully they have plans for another acquisition . It would also be nice to refi the st. Francis at a lower rate and then reinstate a decent dividend.
I was thinking about the fuel thing as well. I have some more dividends coming in in a few days, maybe I will pick some more up.
I greatly appreciate Tony Abbot trying to school our moronic president on Climate Change. The efforts of the Aussies in trying to roll back the insanity is greatly appreciated!
I take it you are a millennial. It was interesting, Reason Magazine did a survey of millennials and found that they used the word socialist, but had no idea what it meant.
Yup. At the time it seemed insane. I really can't believe the Fing board went ahead and approved that moron's plans.
I was going to buy for the credit, but the price seems high. I think I will hold off until I think I may be going on another cruise. But does anyone else think the price is a tad high? I have 60 shares. Who, knows, maybe I should have gone in and closed on the rest that I need.
What could he have done differently? It seems like it would have been worse not to move I to multi family. Granted I really don't know New Jersey.
There is no way they can raise prices more. The only hope is group stays strong with onsite spending.
I don't think you can get more than 14 times FFO. 20 times FFO does not get you to $20.
Reinvested in Fidelity at 30.16. Not the best price but I am not complaining over a few cents. If the dividend can just grow ten percent per year and the price never go above 30 I will have quite the cash cow in 15 years from reinvesting.
I should have not gone from memory. The 2.25 is book income. Sorry! But still it is taxable income and they may have some NOLs and don't recognized income on an exchange.
It is 90% of taxable income. The 2.25 is "FFO" or funds from operation which is more of a cash flow number. Taxable is lower. They say they will pay out about 60% of AFFO or FFO less some capital costs. They claim AFFO is growing double digits so look at that number today.
It is frustrating but you are right about the dividend. I think income wise we are way better off having the dividend continue to grow and reinvest at 30, rather than 40. I think over 20 years it makes a huge difference in the number of shares one will own and the related dividend income on those shares.
I blew it thinking New Jersey would recover. I had no idea the extent of the hostile business environment in NJ. I thought CA was the worst but then that study came out the other day and NY and NJ are 49th and 50th on the list. "New Jersey retained its title as the state with the nation’s worst business tax climate, a study released Tuesday showed.
The Garden State is hamstrung by high property taxes (50th), a high sales tax (48th), a high income tax (48th) and a high corporate tax (41st), according to the Tax Foundation, a Washington, D.C., group that advocates low taxes"
There is no way they will ever recover.
A partnership distribution is not taxed. What you are taxed on is the income that let them accumulate cash to be able to distribute. That will show up as interest, cap. gain. and sundry other things on the K-1 you will receive at tax time.
I should ad that if you don't know what UBTI is, then Google it. Seeking alpha has discussed it so you may want to include that in the Google search as well. Sorry, no links allowed or I would post one.
Well, the buybacks have resumed. With the price as low as it is, I am a fan. I was wondering how much the convertible bond repurchase ate into the $200 million or if that was separate.