Down in the weeds, it is often times hard to see the forest for the trees. Bean counter: to to find the big picture, will you?
Let's hope all those millions of retiring boomers enjoy the game of golf, and, as cadre head noted, golf courses are valuable real estate that regularly receive offers from builders and developers.
I should have rounded off my numbers earlier when folks were selling. I note NEWM just received a buy rating from Compass Point. Pay no attention to the centenarian's comments on this board!
I picked up a couple K at $5.82 plus the divvy. The way it is wandering up and down, who is to say it couldn't go back under $6. If so, I might contemplate using some MLP divvies to load up again. However, there may not be many opportunities like that.
You sell your shares but I'll keep mine. My return on investment is now 30% per annum. Maybe I'll use my returns to buy your shares! LOL!
Glad to see you are finally out after laying low in-place for 23 years! Hey! You'd better go home quickly to renew your CP membership which seems to have expired! Also, you've been dispatched so long ago that they destroyed your file many years ago. They'll probably see you as either a crackpot or a provocation! LOL!
I doubt it goes that low but it is under the S.O. price of $13.25! I wonder what they plan on buying. I trust it will be immediately accretive?
Question: Who would be willing to buy the S.O. if you can buy shares cheaper at the going market price? Offering is set at $13.25 while the current market price is $13.19.
I think he was wrong as today 05March was even better!. Smart to buy calls though with good chance of a resumption of the dividend.
The answer is to buy small cap stocks and avoid the larger issues as the would-be spinmeisters tend to flock to issues with upwards of 10 billion shares which they believe gives them opportunity to "influence" politically a larger audience. Of course, these clowns probably have little clue as to how silly they all sound! Sure, they have a bigger audience, but we can all observe them for what they are. The frustrated kids who lost their race for class president. Ignore them and avoid wasting time.
I suspect these courses were picked up on the cheap as a result of the brutal drought in California where many of these courses are located. Although the drought will certainly end one day, hopefully sooner, the State is under pressure to divert scarce water resources to the farming industry which could have a detrimental impact upon recreational activities such as golf courses which will be given a lower priority.
A quick check indicates most are in California and the Atlanta, Georgia area. There was one in Michigan and a few in New York. A couple of country clubs also noted. I had neither time nor inclination to look into the financial stability of this bunch. Golfing has slumped since the recession but weekends are still crowded most courses, so, as a senior, I tend to go early during the week for better use of my time.
Where? Name one? Is it because of the ACA debacle? Or is it a fear of being deluged by the 45 million who are trying to figure out how to sign up? Stop trying to spread rumors kid and go see if you can finish your homework for a change!