Good news for all usThe precipitous drop in unit price over the past 12 has forced management into a difficult corner but one that will ultimately benefit us. The market believes the trust has lost permanent value and is reflecting a real (and much lower) reality. Q4 results will be released shortly and will shed light into the future earnings stream.
Management cannot ignore the market's reaction. The good news is in the next 4 weeks, we will have the most current picture of the financial health of the trust. And we will know managements strategy on how to deal with it. Some people believe a distribution cut is in the works. Others believe a massive share buy back will happen to increase AFFO per unit.
What I am most frustrated with is the lack of press releases. This more than anything has affected the unit price in my opinion. Without timely and accurate information the market tends to overreact. The past highs were too high and the lows in 2008 were too low.
Management will finally be forced to unveil the information the market is desperately craving for.
The period leading up to the press releases will be as we have witnessed in the past months- more declines and rightfully so. There is no catalyst to make the unit value jump. Unfortunately in this business, no news is bad news.
So does anyone know the dates Q4 earnings will be released? And more importantly, the date of the next conference call?
My point of all of this is good news is coming for all of us, regardless whether you are short or long.
Marc