Kent is an interesting story...but quite frankly they have got far too much stuff on the go...
Contrary to popular belief...a company can have too much going on...Maintaining the leases on these properties and keeping them in good standing is going to cost a bunch of cash...If they can farm them out or JV them great, but otherwise...they're just a drain if they're gonna sit there. IMO Kent would be far better off chosing its best 3-4 prospects and running with them as opposed to keeping all the additional "prospective" dead weight. It's just gonna keep their burn rate high...
This company is not getting any respect for a reason...I just havent figured it out yet.....
Does anyone else have a better feel for management? On paper they just look like a bunch of deal maker types...
Thoughts?
ST