Yes, rnomava - mostly read Dars stuff lol. Got in there on the preferreds in 2009 and the common at around $5. thought I was being adventuress adding on dips but sure wish I had bought a lot more. AGNC a couple years ago was a good board also.
Appreciate it - I will only be 111 if that time table works out and will be interested to see what the value of the shares are then :)
Hello all. Found MSB following several treads from REIT BBs that eventually led here. What a pleasant surprise to find an information based Yahoo board in the mist of the regular wasteland. Started a small (1k) position today on the dip. Read back through a 100+ messages, the documents online, and a pretty good SA article but can't find any info on the end of the trust (other than the unique 20 years after last grand child dies). Oil trusts almost always have a pretty definite lifespan and the general wording that any value left in the ground at the designated end of the life span will sold and the monies divided up among the share holders. With the possibility that a fair amount of ore/value could be left at the end, is there anything that describes the process that will take place? Will it revert back to Cliffs as long as the leases are valid?
Thanks and glad to be here.
Dar, in the past SO have been `3-5% below the stock price of NRF. This one is going be rather large - look for the same dip?
Nice plug for NRF by Martin Sass talking The Street - "He is also bullish on NorthStar Realty Finance, saying the company will benefit from its major healthcare acquisitions this year."
That was some quarter - especially when compared to last. Still get confused on that "drop down" number - is that the unrealized hedges they use?. I do know that core earnings are directly related to divi and .75 was very nice.
So quarter by quarter and at least month by month the last 3 months, fundraising is accelerating. Has your yearly total expectations changed with this update? NSAM collects fees based on the amount of funds raised for the non-traded reits?
Dar, backing out the 600 million in debt leaves the deal at 3.4 billion. At 11.50 it would make Griffin having a little less than 300 million shares. They will get ~.2 NRF shares per Griffin share (trying to use round numbers) so are looking at around a 60 million SO in the future?
Thanks, mf46 - I could find no news at 8am when I looked. Hopefully this will stay til the open - those Aug. NSAM 15s I bought at 18.10 and 17.90 were looking a little shaky lol.