It took almost a year but the Pitt crew finally achieved its goal of acquiring ANI and thereby building an industrial AREIT that comes closer to the size fundies will invest in. A lot of patience in that process, given that (to my knowledge) ANI never opened the door to negotiate and never gave TIX the opportunity to analyze the books (which ANI was willing to give the Sth African consortium, including break fee).
We might see some share price upswing in a month or two after the buy-sell turbulence dies down. But even if TIX dawdles around current levels it offers very appealing investment income in what will likely remain for some time a low interest rate environment. In fact, I'm more concerned about deflation than rising interest rates!
TIX Price at posting:
$2.33 Sentiment: Buy Disclosure: Held
