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treit2002

08/22/12 3:48 PM

#16561 RE: Traderfan #16548


As far as I know (and please correct me if I'm wrong) the plans in the first place were to get a stock divi besides the regular cash divi.



No, the original plan was to get a debt instrument payable in stock or cash in June, 2014.

Then, they ran into legal procedural problems. They found a solution and today announced the plan. It's unequivocally good. Better than yesterday.

I didn't expect any great share reaction because the fundamentals and the share action are simply nor connected. At some point they will be, or I made a bad bet.

The company goes through all these efforts and gets some of these idiotic reactions from people who don't have a clue what the dividend situation has been (not you TF), even though it's explained just about every quarter.

Unbelievable.