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RealDutch

11/20/12 8:24 PM

#23396 RE: mauiguy2 #23395

Didn't Solomon also say that they are getting more and more offers in recent months from what appear to be accredited investors who are willing to purchase large blocks of stock, or did I misinterpret that?
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treit2002

11/21/12 3:19 AM

#23410 RE: mauiguy2 #23395

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.