IRT...9.2% dividend yield...Dipped into the $7.70's today which looked to be a good place to add. I agree w/ SKILZZ, there appears to be nothing wrong with this company. The 9%+++ yield just seems too good to pass up.
Here's a rehash of a few cc notes...
- "...we believe there is an absolute disconnect between the fundamentals of our business and the recent performance of IRT's common stock. The portfolio is performing well and good things are happening highlighted by our previously announced acquisition of Trade Street Residential and continuing opportunities to grow the way we have over the past two years.
- "I don't like where our common stock is trading, I think it makes no sense and I have made the point directly and I will reiterate it again, we are not going to issue shares anywhere near this level."
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