RE:RE:RE:RE:RE:RE:RE:Last time I recall He lost credibility for REI with his comments the dividend was safe, lots and lots of small investors chased the yield because it was "safe" and trusted him.. Now they are going to dump it.. Look at HR, they did a much better job, cutting right away, now it yields 4.7%... I think this goes back to a 7% yield temproarily.. then rebounds slowly as the bigger investors start buying. There is going to be a temporary selloff in my opinion.. For REI to yield the same as HR it needs to be $20/share.. I doubt that happens any time soon at all, purely because of Sonshine. Once the CEO credibility is lost, it becomes more difficult for the shares to recover, you invest in the management when you buy a REIT, the realestate is secondary because decisions they make can destroy the share price...
Down the road, in a year or 2 its going to be ok in my opinion but I think the shares dont get over $20 now for at least a year... Originally I thought $24 by fall 2021.. I am going to hold, Im not desperate to get out, and if it drops under $16, I will buy more.
Reitguy wrote: Ask yourself this. Did leaving the dividend at its original price help the sp? I believe Ed thought it would, he also underestimated the severity of covid or at least the way society reacted to it.
Go back and watch all his public interviews.