I understand that, but
a) the market clearly doesnt think its a dollar worth of assets, hence the large discount that this (and other REITs trade at,
b) we have some pretty expensive debt, which Id rather clear before doing a buyback as it is the biggest risk to dividend yield, and
c) I just fundamentally don't think a buyback is going to move the price much here - it is an illiquid stock with not a lot of buyers, so I think the strategy should be focused on getting people compelled to buy, and I think the best way to do that is to provide more confidence in the distributions / security of the distributions rather than buybacks. A buyback is a great if there is actually a market for the stock but I dont think it will be enough
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I understand that, but a) the market clearly doesnt think its a...
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Open | High | Low | Value | Volume |
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8 | 184954 | 0.390 |
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1 | 10000 | 0.380 |
1 | 53333 | 0.375 |
Price($) | Vol. | No. |
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0.400 | 80233 | 3 |
0.405 | 16730 | 1 |
0.410 | 87518 | 4 |
0.420 | 98428 | 3 |
0.425 | 65609 | 1 |
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