Corrections Corporation of America Message Board
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Granted, ADPT is losing certain technology; SCSI
is less desirable and their revenues and income are
sure to decline.
Hasn't this already been
discounted in ADPTs stock price, however? It's trading at
only an 11 PE.
Most importantly, what about
their CD-R & CD-RW technology? What market share does
Adaptec have for the creation of music CDs? The
multi-billion dollar music business is being severly threatened
by Napster & MP3.
If a consortium of these
music titans purchased Adaptec and tried to include a
registration and fee technology for stamping CDs, would this
be viable? Could it create a much larger value for a
troubled ADPT? -
Now that VINF is in the cyber home listing
business with CyberHomes.com, what about the MLS
exclusives with Homestore's (HOMS) Realtor.com? Even though
VINF has the MLS books, they probably cannot provide
numerous metro areas on the Internet because of these
exclusives. This may provide Realtor.com with much greater
coverage than all other online listing services for the
next couple of years. As a result, Cyberhomes could be
second or third rate.
Also, the the layout of
CyberHomes stinks. Try to use the mapping component of this
site; it's lousy. VINF has some tremendous
possibilities, but these two issues about limited coverage and
the need to overhaul CyberHomes site has not been
mentioned on this board yet, and are important issues for
VINF. -
Only one or two analyst seem to follow this small
company - and next years earnings are for a minus .73+/-.
I like the CEO and the product. But the stock will
not have earnings for a while and their stock price
has performed so well that a couple competitors may
go public - e.g. http://www.comps.com and maybe
loopnet.com. The float with RIGX is only 2.5 mil shares, and
some REMFs (http://www.remfs.com) and pension funds
and others don't have to buy many shares to influence
price. But RIGX is a little high priced to me right
now.
For more info on real estate services, check out
http://www.inrealty.com/restocks/propsvcs.html
Netstockman. -
Only one or two analyst seem to follow this small
company - and next years earnings are for a minus .73+/-.
I like the CEO and the product. But the stock will
not have earnings for a while and their stock price
has performed so well that a couple competitors may
go public - e.g. http://www.comps.com and maybe
loopnet.com. The float with RIGX is only 2.5 mil shares, and
some REMFs (http://www.remfs.com) and pension funds
and others don't have to buy many shares to influence
price. But RIGX is a little high priced to me right
now.
Netstockman. -
Apparently, Bass family interests may become a siginifcant owner of MT. Please see http://biz.yahoo.com/finance/980323/meditrust__1.html for more info. The stock is also up a bit today.
I've been watching this stock for months, and like many who have responded on this board have been disappointed with the stock's performance. But it seems like the stock may have strong support at 30, and the Bass announcement may be positive. Any dividend reduction, of course, could cause a greater slide. Any thoughts on the real likliedhood of a dividend cut?
Thanks.
Netstockman -
Anyone know what has propelled the recent runup in PSN's stock price? Also, if anyone can figure out their dividend, it would be helpful. Yahoo has a dividend rate that is much less than what I thought it might be.
Netstockman. -
I'm becoming more knowledgable about REITs, but it appears the key element with FFO is growth. What has the past 2 or 3 years been like?, What is expected for the next couple of years? A 10 to 15% per annum increase in FFO, or more, is desirable. Traditionally,
real estate growth is lucky to be about 5 to 7%. Many metro areas have had "rent spikes" of over 15%, but this doesn't last for more than a couple years, usually. So, the company acquisitions or development must fuel this strong growth in REITs. The later can be full of risk, the former has been the key to success for most high flying REITs, who claim better efficiencies through size. This is true, to a point. Most REITs now trade at 20 to 40% premium above their real estate values. Forget book
value, it doesn't reflect the value of the assets. Many analysts contend this premium is justified because of the expertise of management who will continually be able to grow their company at strong Growth rates of FFO. Personally, I still believe that the underlying value of REITs have significance. Therefore, I'd try to find REITs with properties in tight markets that experience strong rental growth rates, successfull non-dilutive acquistions, strong growth rates, and a reasonable premium over
asset value. This ain't easy to find, but if anyone reading this knows such REITs, or has some other opinions, please respond.
Netstockman -
Starwood (HOT) has run up so much recently it may be low on gas. It might be refuled, but the Sheraton deal is not fait accompli. If that deal falls out, it may impact Starwood.
There is another paired share hotel REIT, Patriot Am. that might be worth looking into. If your strong on hotels, Felcor Suites is another that is well run, but doesn't have the paired share advantage.
Also, when you talk about earnings and PE's for REITs, remember that FFO's (funds from operations) is more relevant. The depreciation taken with real estate makes the earnings appear less than they actually are.