I owned shares in GEF at one time. When it was near its 52 week high, I sold it. Boy am I glad I did. So now that its dropped so much in price, I'm trying to find a reason to buy it back. I started listening to their 3 hour transformational presentation. I got about an hour into it. I couldn't bear to listen to anymore. How do you get your company into a position where you have to justify your existence to your shareholders? In my opinion, this is a management issue. The people I heard speak were trying to justify their existence in my opinion. Get rid of some of the layers of management and some of the C.Y.A. supervisors you have working for you. Any thoughts on if this is a good place to invest your money?
That's one of the reasons I bought into SE-their Canada utility. I don't like the idea of how much debt KMI has. I own SE and PBA. I would also look into HASI and CORR before KMI. Also OKE.
Am I reading everything correctly? I should have no problem owning this in an IRA? In fact, it looks like a great long-term hold. I looked into MIC a few years back, but then there was tax stuff to deal with so I invested in other things. Any thoughts?
The only reason anyone buys REITs is for the dividend. By law they have to pay out 90% of their income. Why would they use that money to solarize the rooftops? It does nothing for shareholder return. Go buy a solar company if you want to make money from the sun.
Well, I bought back in. I sold out of MATX that I was holding with more than a 30% gain (not sure how much more upside there is) and bought 792 shares of TIS (hoping for a lot of upside).
Whenever I listen to these guys, they always have a variety of reasons why they didn't do as well as expected. I keep thinking I want to buy back into TIS, but then I Isit here listening to this call and why would anybody?
Well, I listened to yesterday's conference call and it seems that management has seen the light (IMO). They seem much more shareholder friendly and caring from the last call I listened too where I sold out of my position. I'm back in with 300 shares to start out.