2% is infinitely more than the 0% they currently make. Don't forget 2% on 800mil is 16mil of extra profit. 16mil of extra profit is a lot for a company that has a market cap of about 160 mil. It'll bring the P/E ratio back to around 7. This is why I consider it a buy at the moment. I know a few people in the forum would say he has no experience doing this and they'll have very high debt until they undertake the planned capital raising but I think he'll manage the transformation well. It is distribution and he knows how to make distribution work.
I read elsewhere he is also looking at moving into the uk market so there coould be more of this in the near future if it works out well.
DDR Price at posting:
$1.30 Sentiment: LT Buy Disclosure: Held
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