RE:RE:PAY DOWN DEBT INSTEAD?step 2 sir : "We will look to opportunistically sell or partner on our existing assets to continually reduce leverage and increase the value of our business." -cooper
re the debt repayment vs sib comment: they are clearly cool with leverage here.. cap rate > marginal borrowing rate, with plenty of levers still to pull. see step 2 above and discussed earlier today.
shorts will rush for the exits and arb traders will push this to $15.50 in short order knowing the squeeze is on... this arb play dosn't have the typical m&a risk that would mean a small discount... anything less than $15.50 will be viewed as free money for arb traders. **i think**
no selling - let the above play out... faces are about to get ripped off and i'm so down for it.
CANCDN, thank you very much for the back and forth today, honestly made me dig a bit and think, which led to me picking up a couple hundred more units as posted earlier.