TG, How much to retire the remaining convertibles? How much did they retire last quarter? Seems pretty clear that the converts are shorting to keep their value, time to take them out. Cheers and good weekend to everyone, find a mother and tell her happy mother's day!
That's right Tgone, Sink is playing his cards very conservatively. Time will tell if he's too conservative and not further growing the leader in the industry. He's inherited a very good company, I hope his performance will start to show in the value of the company increasing.
B.Y, fools gold. I have two upper income millennial children. They both rent today. Many of their friends own or are moving to ownership as the traditional family gets started with kids. We ain't seen nothing yet, these millennials will all run to ownership with a whiff of inflation. Even without inflation the bulge in ownership is coming as the families start. We are under housed on the west coast and mortgages will follow as well.