Are they booking profits on sales that haven't been completed? If so that's exactly like Enron...proforma profits....
I agree completely....easing for a year or two to shore up the system and try to keep consumption from collapsing would have been ok....but holding rates at 0 for 5 more years while the markets leveraged up and tripled was totally misguided.
pushed consumption with 0 interest rate policy. What they didn't consider is the cut in consumption from fixed income consumers which is proving to be much larger in the long run.
Nearly all pensions are underfunded....returns aren't there and those fiduciaries can't chase equities.
Looking like we're in a world of hurt and there is no room to lower rates....and if the fed thinks that these conservative groups will be "forced" to the equity market once negative rates are introduced they will be wrong again.
Well then you should really be loading up today at sub $9. You might be right but perception of heavy in energy markets IMO will keep others from trying to buy this portfolio until there is a clearer picture.
If you have to justify buying a stock by the fact that a buyout will make a good return it's probably not a good investment. Just saying and btw I'm long FSP and have been a holder for many years....total return is about break even as the distributions have been offset by the share price decline.
I'd buy more to average down but I'm not confident that they will be able to maintain the dividend and I'm not really a fan of the new "buy depressed cbd properties". That is a mature theme with a lot of risk.
management showed it's true colors years ago with the corporate relocation to one of the highest tax and wage regulated Cities in the nation Chicago....the corporate cost was high but the executives didn't care.
Monopolies create inefficiencies....
bomb is "near" the embassy....