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Albert Alfonso  

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  • American Realty Capital: A Fresh Start [View article]
    froggyofmcity,

    Hmm, that is interesting. The new CEO needs to be experienced and Mr. Mavoidas seems to have tons of it.
    Mar 4, 2015. 08:13 AM | Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    From what I have read, Red Lobster is performing much better under Golden Gate compared to Darden.
    Mar 4, 2015. 08:00 AM | 2 Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    MWinMD,

    The dividend is likely to increase in the future as AFFO recovers. I hope ARCP starts out small. No need for a high dividend payout ratio right now only to attract worries of a cut down the line.
    Mar 4, 2015. 07:54 AM | Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    Financial Statement and AFFO Errors – Net loss was understated for 2013 (including each quarter of 2013) and the second quarter of 2014. Net loss was overstated for the first quarter of 2014. AFFO was overstated for 2011, 2012, 2013 (including each fiscal quarter of 2013) and the first two quarters of 2014.

    This can be found on slide 8: http://bit.ly/17NRgF9
    Mar 3, 2015. 10:31 AM | Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    tennvol_30736,

    Short-sellers are not to blame. The long side panicked and stampeded out. Keep in mind who was in the stock given the profile for the average triple-net lease REIT investor, ultra-conservative, risk adverse, etc.
    Mar 3, 2015. 10:28 AM | Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    NV_GARY,

    ARCP will have clean record for the new CEO. They will be able to set a new dividend, divest or buy assets, buy back stock, etc.
    Mar 3, 2015. 10:25 AM | 3 Likes Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    Mark_A,

    ARCP misstated AFFO for 2011, 2012, 2013, and two quarters of 2014. It was not a one-time mistake. My theory is that they wanted to seem more profitable than they actually were in order to make bigger deals.

    Cole will be impaired, they all but confirmed a large write-down in the CC.

    Regarding legal fees, we will find out soon in the Q4 report. Any number there should be multiplied by 2 since costs were extended out to Q1 2015.
    Mar 3, 2015. 10:22 AM | 1 Like Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    Mark_A,

    I am referring to the drop from ~$12 to below $8. Lots of people sold and locked in losses. It was an overreaction, but was 100% caused by prior mismanagement.
    Mar 3, 2015. 10:18 AM | 1 Like Like |Link to Comment
  • American Realty Capital: A Fresh Start [View article]
    disciplinedinvestor,

    I do not think a special dividend is likely. They were not generating much excess FFO for 2014 according to the updated numbers.

    The company should declare a dividend for Q1 2015 once its Q4 numbers are in.
    Mar 3, 2015. 10:14 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    MB,

    Thanks for the comment. I actually think we will see an oil floor forming at ~$60 then recover to ~$70 to $80 per bbl in 2016. Have you read that US oil production growth is slated to stop in Q2 2015?
    Mar 3, 2015. 07:51 AM | Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    ziggyzig,

    PGH does not have any major debt due until 2017. They will be focusing on lowering leverage in 2015. This stock is not as risky as the numbers imply.
    Mar 3, 2015. 07:49 AM | Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    gawilley,

    No offense taken. I was just pointing out why my thesis did not play out as excepted. PGH delivered on Lindbergh, but oil prices did not play along.

    Looking into 2015, this will be a "hunkering down" year. Very little news. Just collecting the dividends and reinvesting them.
    Mar 3, 2015. 07:47 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    L.,

    PGH could have covered its dividend in 2015 at the old rate. However, they wanted to be prepared for lower oil prices through 2016.
    Mar 2, 2015. 01:46 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    gawilley,

    I did not foresee a ~50% drop in oil prices. I can only imagine what PGH would look like if oil were still in the $90 to $100 range. FFO would be at least $1.30 per share.
    Mar 2, 2015. 10:37 AM | 2 Likes Like |Link to Comment
  • Thirty cents knocked from American Realty AFFO over six quarters in restatement [View news story]
    Stock is already up 4% in the pre-market.
    Mar 2, 2015. 07:47 AM | 5 Likes Like |Link to Comment
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