GREY:SIHPF - Post by User
Comment by
theinvestor22on Apr 23, 2020 8:20am
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Post# 30943432
RE:RE:RE:RE:RE:RE:Lots of liquidity!
RE:RE:RE:RE:RE:RE:Lots of liquidity!Possibly you're thinking of payout ratio as div/earnings? If so, that's an error. If not, perhaps you could explain how you got that number because it doesn't match up with my records. Also, they've been making money turning over real estate, which indicates they've been doing ok on the appraisal side. And, yes, you should look at the balance sheet since year end. I could give you a hint on that, but why should I?
AvInvestor wrote: You guys have your heads in the sand! Do you realize what the management team has done with your money over the past 10 years. Over paying for properties by as much as 30%, maintaining a payout ratio of 143%!!, cash position of only $2M year end 2019!, etc..
How could you determine they have adequate liquidity? Their office REIT presently has $-148M of liquidity available! I’ll try to inquire about the retail’s updated balance sheet, which seems to be worse off.