After my prediction came true from 4 yrs ago (seen below), and recently hit further lows, why are insiders suddenly buying? Aren't malls going to face even further decline as the nature of buying changes forever? What about R/E values in big cities? I haven't kept up with the portfolio but....
w
after 2008, why would anyone buy a stock touted by GS? i'd give my money to the Madoff defense fund first!
Y
Columbia Property Trust is up 6.62% to 14.17
Y
Columbia Property Trust is up 6.81% to 13.49
Y
Columbia Property Trust is up 10.07% to 11.48
D
Had this REIT for 12 yrs as a friend (who became financial planner) needed clients so i "threw him a bone". The 6+% Div was attractive but through the yrs., i smelled the EXECUTIVES were making money off its investors (selling them out) as the NAV diluted and 12yr yield, NAV + DIV yielded less than 1% by my calculations) (while EXECs profited)
What about R/E values in big cities? I haven't kept up with the portfolio but....
https://www.twst.com/interview/interview-with-the-president-ceo-and-director-columbia-property-trust-inc-nysecxp