I think that you are talking about the K-1 form which you received. That form deals with the distributions you have received and how they are treated tax wise. The K-1 is provided yearly at tax time. The purchase and sale of your units is another matter and your broker has the records for the capital gain, long term in your case. Hope this helps.
The Porkneys may have paid off Moody's to put out an alert for downgrade just as they tried to pay off MD politicians some time back and change state laws in their favor. They got caught and failed in that scheme. Now they are claiming that the downgrade is due to Corvex/Related wanting to get rid of the Board. No question; they are slick!
"RMR tried to make its keep the old fashiioned way, acquiring valuable assets, relatively stable income over the long term with some growth."
Either you are ignorant about what RMR was doing over the last 15-20 years, or you are a paid pumper for the Porkneys. They were buying properties and getting 1/2 of 1% PER YEAR, as long as CWH owned those properties. The Porkeys had to reveal it or they would go to jail. Guess were they mentioned it: in a footnote somewhere in a financial report. By last count RMR was raking in about $38M/year.
I wouldn't use their book value if I were you. A lot of properties have taken a dive because of age and disrepair. I looked up some and went to see them. The big reason they bought whatever was on the market was that RMR collected one half of one percent each year as long as CWH owned them. That fee was hidden in a footnote somewhere, because they had to reveal it.
Just got the white card. Marked the second box opposite to what they wanted checked.
If nothing else the PPS has come up from 15, maybe we will see 40 when this is over.
Obviously you haven't followed CWH from the beginning and see that the Porkeys knew what they were doing at the expense of the shareholders, because we have been raped by them. The PPS from almost the beginning tells the story. You would have been better informed to find some of the dirty RMR tricks that were hidden in the footnotes of the Income statements. Some of these Board contributors can tell you enough to make you throw up.
I have followed SPH since they went public at 18, but decided to stay away then and started buying after coming down from 55. I think their problem is execution by mgmt., especially when they try to expand. They bought an oil and gas distributor many years ago (Agway?). It took them 3-5 years to integrate them into their business with a comedy of errors. It might be the same problem this time with the INRGY purchase. The numbers they are showing after almost 2 years seem to back that up. However, long term they have shown good dividends,
I'm starting to be disappointed with this puppy. What the analysts say for beating it down (bad weather, high propane prices, competition, etc.) are all excuses IMO, because these would be common to their competitors. Something is going on about which we don't know and Wall St. is aware of. This is what's wrong with the Stock market The little investor is last to know the good, the bad, and the ugly.
Don't get it. Zell is the chairman to be and is bad mouthing his own interests? You may have misread his remarks.
Just keep your powder dry and wait for 22 or so. they can't afford the distribution, but they sure can buy more businesses. I think they are gambling big time.
If it wasn't raised by the analysts or mgmt. then you can assume that the answer is not pleasant. It may be a degree of uncertainty about it that kept their mouths shut. The sharp drop in PPS should be a clue.
I hope you are right because at that price I will unload the little I have and pick it up again when their real problems come out.
My experience has shown that the PPS is artificially increased by market makers and underwriters to give the SPO an advantage. It usually backs off the high when the new shares are floated. We may be seeing the prelude to all this. Not a good time to pick up new shares IMHO. GLTA
Drop of PPS may be a reflection that mgmt. has screwed up the INRGY purchase. Revenues have increased, but net profit has not. IMO they may have lost some portion of the new customer base to give 0 profit on the new revenues. Any thoughts?