No problem. Yep. He's the one. I used to work in the same office floor as him years ago during my time at Vanguard. Of course I only had a cubical while he had to office suite and then some. Real nice guy. He's got nine lives!
Agree on the your restaurant assessment and I too have significantly violated the diversification rule with respect to WEN.
after hours trade of 183,000+ shares thorugh ECNs. After hours trading can have huge spreads.
Don't lose any sleep on it. Not an issue.
Ha! I remember that period very well!!! I was working for a small R/E adviser firm that (believe it or not) was the first ever firm to unload those types of securities in their portfolio before the mess hit the wall. R/E is all they focus on and made the right call at the right time before the auction freeze problem kicked in. In fact, one of the founders of the original firm I called the "Bogle" of the REIT industry because he was pretty much the guy who created them a very, very long time ago. The young gent must be in his late 80's or early 90's now. It's a closed end R/E global fund that once held auction rates. Had it in my 401k too. Very smart portfolio managers!
Anyway, the reason I was asking was because if you were ever are looking at REITs, look at "IGR". Like many REITs, they applied to the SEC for a monthly distribution in mid 2000s just before the freeze period and got it. Presently pays out .045 per share.
If you are not a nit picky investor who is over analyzing "discounts" and "premiums", then add it to your "Hmmm,... I wonder what might pay a decent dividend (understanding the return of capital issue) and has potential for long term adequate growth?" I have been in it for a very long time and love the guys who run it. Great firm and which was subsequently merged into a much larger respectable RE investment firm.
I consider it a hidden gem that does not get a lot of respect or airtime because it is very small fund.
it's amazing how these spammers keeping falling over each other to post this #$%$ in the message board. They do not even now how many of them are posting the same thing on the same board!
they are constructing a new one near me also. It is 5 miles from a closer one which is also an old one. Spoke to the manager of the old one who said it was corporate owned but not selected for upgrade. the new one is next to major State road next to a shopping outlet with a Target, a Lowes and a BJs. This one is to be a Tier ! design. This one will be strong in business. Very smart location. This stock is a hyena, not a cheetah. Short term traders and shorters may make a few bucks here and there over each brief quarter earnings periods but if you have the patience to sit on this one and forget about it for two more years, you will be completely satisfied by 2015=2016 time frame! :-)
Sentiment: Strong Buy
Oh, looks like you kind of got that upgrade you were looking for.
EVA Dimensions puts Wendy's at hold from underweight. But we all see how smart these analysts are!
Sentiment: Strong Buy
Just heard on a local news radio station that Wendy's is bringing out two new salads to add to their salad menu. They want to step it up to compete with stores like Panera. Nice to hear.
Healthy salads! How about that! No one will want to buy that #$%$" now will they! :-) hehehehe...
Now is a good time after today's general market activity
. I purchased another 3500 shares. Had to wait for a rollover to hit the IRA . Finally did today.
This stock will continue to bounce back and grow over time, if you are a long term holder. It will bounce back.
That is what private activist investors do. First of all he is not part of management. He is a member of the the Wendy's board of directors. Big difference. Second, yes wall street sucks but that unfortunitly is how it has always been for all public companies and the rest of us. Peltz and his fund sold because tbey made a tremenfous amount of money for thrmselves and their investors. Besides, aren't we too? If I was a high net worth investor or institional investor in his fund I would expect him to sell as required by the fund's PPM. It has no negative bearing on the turnaround program nor a reflection of wendy's management.
Another great arguement. "Nobody wants the #$%$ they sell" Gee, that's a great anaysis. Never mind how well the pretzel burget did. Nobody wanted that #$%$. Thank god nelson peltz didn't call you up for your fast food industry review short term investment analysis before investing in and owning 10percent to get on tbe board to change the business model that is working.