While I don't disagree with you, they are posting something of substance and that is that this is a fraud. Unlike DAR who keeps on with the stink the stink the stink while buying more of the fraud. The rest of us are just praying for a miracle to get out with less loss than we have now, but we certainly aren't buying more and thinking its just the high pay that is dragging this down.
You are wasting people's time. He speaks the truth. I have no doubt nrf talked to colony. I still think it's a big scam to buy themselves time
He may be full of hot air, but then what are you? constantly over and over trying to find a way to praise this company, it sure seems like you work for them. They sold assets and should have bought back shares. Period, end of discussion. They are destroying value daily while still claiming their salaries. You keep believing your scams and nonsense, meanwhile you should probably put your entire life savings in this and take a home equity line so you are sure you have enough because these guys are smarter than the enron boys and they have your best interests at heart.
Yes, higher yield is worse as we are getting less value for our shares. Do I want to buy when the yield is higher? Sure. Do I want it to match other peers so we make money on our investments, you bet. They must pay out 90% of taxable income, a little different than just 90%, but regardless they are not being valued at the same multiple as their peers and that is a problem. When they issue shares as you and I agree they will have to do, I'd rather they be issued at a higher price comparative to the multiples their peers are getting rather than at a lower price which dilutes existing shareholders more.
The only thing saving this stock from being zero is the fact that they actually own real estate which can be sold for some value. Of course unless these guys are stopped, they will just keep selling assets and paying themselves with the money they get. No one with an above 3rd grade education level can put a positive spin on this. They are selling assets, taking away income and not buying any shares back while paying themselves more and more.
ROFL, NRF is lucky they are still in business. Maybe they should sell some more assets. Over and over again people have said it and DAR and others keep trying to find ways to say they really are good guys taking too much salary. They have butchered this company beyond repair and there is no way to save it. They aren't buying anything, they are lucky if they are still in business in six months time.
Yes this makes sense. Sell off assets, reduce cash coming in. Don't buy back shares to get the CAD per share back up at the cheap prices.
Yes, the plan is to steal money from the shareholders. Wake up and realize what is happening instead of putting on the rose colored glasses. It was one thing previously to try and pretend but when they wipe 20 cents off CAD, have done virtually no buybacks to mitigate that and are pursuing a merger which frankly doesn't make sense, you have to start realizing what is happening.
Really you aren't sure what they were doing? Its called outright fraud, but people here are too ignorant to understand that. They are selling assets, cratering the CAD and paying the money out to themselves. Why bother to buy back stock as that would reduce money they can give to themselves and the beauty of it is, they will do this merge thing that will more permanently destroy value than they already have and not have to worry about buying back the stock which means more money they will pay themselves. You don't think they have clauses in the contracts that give them a nice fat payday on a change of control?
I'm frankly amazed the class action lawyers haven't gotten in on this one although we all know that only makes money for the lawyers, but I"m sure it happens relatively soon. Maybe fraud is too strong here, maybe its just utter incompetence?
These guys apparently lost 15 plus cents of CAD that even my 7 year old could tell doesn't make sense and somehow forgot to buy back the shares they were supposed to buyback while continuing to pay themselves large salaries and now they want to do this nonsense deal which likely will ensure we never get back up to past levels. So its either fraud or gross incompetence. Anyone who thinks otherwise is foolish. They announced a buyback with no way to pay for it, sold assets before buying back the stock and now the stock is moving up so they are literally losing money each day because they didn't buy back.
I agree on most points, but the yield compared to peers is still far worse. O is trading under 4% yield which IMHO I think is overpriced at this point, but even with the other added risk that this company has, it should be maybe mid 5's tops. While its nice to be able to accumulate more when the yield is better, at some point they going to have to offer more shares. I'd prefer those shares offered at lower yield and less dillutive than at current yields.
Apparently new leadership is doing the same as old leadership, nothing! Oh well, Still one of the safest investments out there with a decent yield, but could the share price could be in line with O or NNN if they actually did something instead of blow god knows how much money into looking into things and then doing nothing.
Still stuck in the same yield range, this should easily be 70 plus based on O and NNN current yields. Hopefully they have something useful to announce tomorrow.
Most of what is covering that distribution is hedged supposedly at far higher than current market prices. What happens when that rolls off and prices are at this price or lower?
You keep believing its worth 25 dollars if it makes you sleep at night. I own many stocks and this one just consistently underperforms. I guess everyone has it wrong.
Yes, but they could have cut some projects, and that idea they had doesn't work like it did for KMI because KMI is a C corp and is under no obligation to payout. These monkeys blamed it on the partnerships like they had nothing to do with it when they are the general partner. Then to make things worse, they didn't announce even a token buyback when their shares are supposedly so cheap. Finally they were stupid enough to say its a temporary reduction.