TSXV:PAR.H - Post by User
Comment by
YieldChaseron May 13, 2014 11:16pm
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Post# 22558560
RE:Financials Tomorrow, I do not expect any surprises,
RE:Financials Tomorrow, I do not expect any surprises,Senior staff ? You mean the CFO, now the acting CEO ? They are not hired to question valuations of purchased properties, they just record them.
The first quarter financials will indeed be a yawner as it will show some of the internalization costs but none of the questionable deals in April.
Watch the cash position, close to or below zero. Hence the new $15M mortgage at 10%.
also look at same property NOI trend, possible slightly negative, again. Then stock will not rise. Also, with a possible distribution cut to 40 cents stock could certainly head to sub $4 territory. Enjoy the yield and $4.50+ stock price while it lasts.