Make me a medium-sized bull.
Long since 2/23/18 with a current average cost now of $6.59.
Last year, I was accused of not looking at NYRT from an opposing view. I think it is clear that I was not the only one drinking the Kool-Aid. I have been plowing distributions from NYRT back into more shares. I want to own the liquidating trust units at the lowest possible price. The end game will be the payoff.
I believe there is some risk of the WPG dividend getting cut, purely as a function of all the math involved. If the dividend gets cut and the market price goes down, I probably buy more. At a minimum, I plan to reinvest dividends in the short run.
Management should be buying back stock. It is a no-brainer. However, funds are needed for redevelopment, which leads to long-term survival.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International