Haha shorty. It seems as though Mr Market does not agree with you
It's a shame that you didn't understand what you owned and why you owned it. Vranos and crew are the smartest guys in the room. Period.
I agree completely. I worked for a couple of primary dealers on wall street for 20+ years. Always in some form of mortgage backed securities. Michael Vranos has been among the smartest guy in that sector since he ran MBS trading at Kidder Peabody. To be able to partner up with him at a 10% or 12% discount to NAV is a gift. THank you sellers.
Hey Jerky boy….his prior price target was $28. I wasn't involved when some two bit nitwit analyst had a $35 price target. Laughable that you'd defend this.
By the way, the offering isn't neccessarily common stock. From the filing-The amount to be registered consists of up to $200,000,000 of an indeterminate amount of common stock, preferred stock, debt securities, warrants and/or units. They may choose to issue debt.
Great call. When you start listening to any analyst on any stock it's time to get off mommy's computer
It would be incredibly foolish to pay down debt. The capital markets are CLOSED to LINE at this time. They need to slash their dividend at least in half to remain viable. But paying down debt would be suicide.
Then you weren't listening. No one..AND I MEAN NO SMART INVESTOR, cared about the last quarter. The only thing that mattered on that conference call was what management had to say about cap-ex, balance sheet management and their view of how they steer the company should oil go to $60, or go to $50, etc. These guys are very good. They aren't managing their business based upon the day to day movement in their stock, nor should they.
the share price might be up another 40% or down 40% tomorrow. If one takes the time to listen to the conference call, understand that the credit facility was inked to $1 billion, understand that management is conservative in their balance sheet management, the stock is very cheap at these levels. Keep in mind that in sept TPLM traded in the $11 to $12 range.