Tough result, I had hoped they would pull a rabbit out of the hat. In hindsight they were far too aggressive with the quarterly div increases from 9c to 13c. Will be interesting to see what sort of a bonus Vlad picks up this year.
Looking good in the not too distant future though to have a $1b sales quarter, and when costs are better controlled earnings will follow strongly. The comment on increased salary costs is interesting - clearly something amiss, look for some restructuring to occur
DDR Price at posting:
$9.31 Sentiment: Buy Disclosure: Held
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