With the 50% sale of MS * dividends are only ~55% covered with cash now * after a 3.3.m fee to the manager sale was below current carrying value although above construction cost * proceeds will probably be used to pay divs., repay maturing short term facilities and maybe a small buyback.
How are future dividends going to be covered and debt repaid?
It is like watching someone's pocket being picked in slow motion.
NEW Price at posting:
$1.19 Sentiment: None Disclosure: Not Held