RE:Sell?
ReitsRus wrote: Debating on selling and sitting on Cash for the next SPO like last time, any thoughts on a good time to get out I see it was at $3.40 at one point today, 52 week highs almost everyday.
I'm considering jumping out myself as I think from here growth will be limited, we are pretty much on my targetish price. But because of the new acquisition I'm giving a longer leash to holding until I'm confident jumping out is a good plan for me, currently I wanna see this upcoming quarterly and maybe even the next to see if what's happening and if I see enough upside to stick around.
I would like to see more movement in distributable income as our head is pretty close to the ceiling now with about 1.5-2.5 cents (10ish%) avalible over the year. Before the addition we were already looking at new record revs quarter over quarter by small amounts.
I would also say it's likely not the new acquisition that causes the expected price dips, it's the way of funding it with dilution. If the purchases are made with cash available or credit I'm sure that the movements would be more positive off the hop.
I have no complaints really with management tho, I do like the ratio of distributable income coming to us, the growth of the royalties held and the new one seems like it has interesting potential, but my personal concern is that we have hit a fully valued area, where as when I bought (low 2s) and throughout most of Covid we were well undervalued in my opinion with 20-30% dividend upside with the protective cut that was made.
Tommy you have been peddling acquisition hopes and what your 'best (imaginary) freind' Sean says for over 2 years and we have made 1 addition since November 2019 (Nurse Next Door). Go back to chilling out, it was rather nice when things were quiet from your side...