Desperate as the FKP board might be, I guess in this environment the fact another REIT is willing to buy into them means there is something to salvage. The longer term outlook seems more positive.
Also, capital raising at this time may be risky too, but again the fact they are able to consider conducting this also shows there is long-term potential for this company to recover.
Thoughts on this one?
Probably something to buy and put at the bottom drawer. Looking at it day by day can cause high blood pressure... haha!
Cheers, Brian
FKP Price at posting:
$1.12 Sentiment: LT Buy Disclosure: Held