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keith3506

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keith3506

Re: None

Sunday, 07/29/2012 2:49:42 PM

Sunday, July 29, 2012 2:49:42 PM

Post# of 2577
Well better in the preferred, than the common. This company has lots of assets, but needs to turn them into cash flow. We still have till 2015, when most debt is due, if they do not refinance.
I think it's a take over possiblity. I believe the debts are more than covered by the assets. I may buy more. What if they continue to pay the dividend, then there is no problem and we have a sweet return. Yes it's risky, the market is telling us. Most of the shares (preferred) I believe are still being held. Look for Monday.
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