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treit2002

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treit2002

Re: mauiguy2 post# 23395

Wednesday, 11/21/2012 3:19:26 AM

Wednesday, November 21, 2012 3:19:26 AM

Post# of 163718
Solomon has said many times that 2013 will be the last year for share issuance. I believe he reiterated that in answer to a question on the call. Will have to listen again; he at least left that impression remain.

2013 will also be the first cash flow positive year, which is another way of saying the same thing.

Both do not mean that $100M + capital development budgets will stop. But it means that they will be 100% funded thru earnings. Guess is that the 2013 cap ex will be more looked $130M.

He also said what sounded like a growth target of $500M NTA.
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