Comments on Jonathan Blumberg's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/jonathan-blumberg/articles http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-385962 385962 Thu, 12 Feb 2009 13:50:12 -0500 http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-374134 374134 How about if a holder called the compnay directly and offeres them > a block? > ]]> Tue, 03 Feb 2009 05:07:28 -0500

On Jan 14 12:36 PM Jonathan Blumberg wrote:

> How about if a holder called the compnay directly and offeres them
> a block?
> ]]> http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-373456 373456 Mon, 02 Feb 2009 12:15:20 -0500 http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-362648 362648 Thu, 22 Jan 2009 01:09:16 -0500 http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-356119 356119 Wed, 14 Jan 2009 20:57:45 -0500
Repurchasing stock is a luxury that few can afford right now, let alone a company that's been in financial straights for over a year.

]]> http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-355644 355644 The preferred propectus says they are precluded from open market > repurchases of the preferred while dividends are in arrears.]]> Wed, 14 Jan 2009 12:36:14 -0500


On Jan 13 03:58 AM acctngnerd wrote:

> The preferred propectus says they are precluded from open market
> repurchases of the preferred while dividends are in arrears.]]> http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-354084 354084 Tue, 13 Jan 2009 03:58:51 -0500 http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-351059 351059 Fri, 09 Jan 2009 14:07:02 -0500
bless him.

I shorted the stock & covered after it dropped 50%,
should of stayed longer.

Here's his blog:
seekingalpha.com/artic...]]> http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-350893 350893 Fri, 09 Jan 2009 12:26:19 -0500
I have no idea though why the maguire common trades at a premium to the preferred. That is a real mystery, but it has been going on for a couple of months.]]> http://seekingalpha.com/article/114007-why-isn-t-maguire-properties-buying-back-its-preferred-shares?source=feed#comment-350818 350818 Fri, 09 Jan 2009 11:43:49 -0500
Aside from that, the Company might be precluded from buying back either common or preferred shares by its bank facility.

]]> http://seekingalpha.com/article/72907-new-england-realty-associates-update?source=feed#comment-156630 156630 Fri, 25 Apr 2008 12:28:04 -0400 http://seekingalpha.com/article/72907-new-england-realty-associates-update?source=feed#comment-153670 153670 Sun, 20 Apr 2008 12:23:08 -0400
www.bostonmagazine.com.../

]]> http://seekingalpha.com/article/72907-new-england-realty-associates-update?source=feed#comment-153364 153364 Sat, 19 Apr 2008 10:48:40 -0400 http://seekingalpha.com/article/69584-profiting-from-hovnanian-even-in-case-of-bankruptcy?source=feed#comment-130894 130894 Mon, 24 Mar 2008 20:50:13 -0400 http://seekingalpha.com/article/69584-profiting-from-hovnanian-even-in-case-of-bankruptcy?source=feed#comment-130772 130772 Mon, 24 Mar 2008 16:51:58 -0400 http://seekingalpha.com/article/69584-profiting-from-hovnanian-even-in-case-of-bankruptcy?source=feed#comment-130732 130732 Mon, 24 Mar 2008 15:31:52 -0400 http://seekingalpha.com/article/69584-profiting-from-hovnanian-even-in-case-of-bankruptcy?source=feed#comment-130724 130724 Mon, 24 Mar 2008 15:07:49 -0400 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-113341 113341 Mon, 28 Jan 2008 20:32:34 -0500 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-112493 112493 Wed, 23 Jan 2008 17:01:19 -0500
What would be the a comparable gross rent multiplier for way AVB or EQR? What is the formula for Gross Rent Multiplier? Thanks]]> http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-112325 112325 Tue, 22 Jan 2008 21:56:35 -0500 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-110722 110722 Wed, 16 Jan 2008 08:40:50 -0500 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-109852 109852 Sat, 12 Jan 2008 21:01:55 -0500 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-109565 109565 Thu, 10 Jan 2008 20:53:56 -0500
Really liked the idea. I did some work on my own and purchased a few depositary receipts. I have no idea about the $170 valuation that the real estate fund threw out. But, I backed into a valuation around $120/receipt. I've lived in Boston for a while. Many of the units (the ones in Boston, Allston, Brookline and Watertown) are going to be worth well more than $115,000. Alot of the other older buildings (Acton, Malden) would likely trade like the Foxboro building ($115,000 per apt.).

!0-k states that the management company is paid 4% of rents. The management company is owned by the General Partners of NEN. Any idea if 4% is high? I'd heard that this is something like 10x normal.

Have you ever been to an annual meeting for the company? I wonder if the Board has been pressed on their fiduciary duties to all partners and not just the general partners.

Thanks, KJ ]]> http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-107920 107920 Wed, 02 Jan 2008 21:46:25 -0500 Take it easy:I have owned this stk for a few yrs and have multiple entry points - suffice it to say that I own it around $74 dollars but have gotten 5.60 of dividends - They have been in biz since 1977 so your point about being underwater on there properties is totally unfounded.
Jurp:in there last 10-Q they had 32 units vacant out of 2377. In there most recent qtr they had 8 million in revenues (most of it being rent a small amount being laundry income)
CrossProfit:The market in Boston seems to be Ok as the company operates at a low vacany rate - but im not an expert on the economic situation in Boston ]]> http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-107498 107498 Mon, 31 Dec 2007 12:10:40 -0500
As foreclosures increase, rents should benefit as people still need a place to live and may not be able to afford buying immediately after a foreclosure.

A synopsis of the rental situation in the Boston area would be most helpful. Perhaps you could submit a follow-up article including rental comparisons. NEN is most likely to assist with the information if you fax them.

CrossProfit]]> http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-107483 107483 Mon, 31 Dec 2007 11:14:39 -0500 http://seekingalpha.com/article/58617-new-england-realty-associates-baby-thrown-out-with-the-bath-water?source=feed#comment-107429 107429 Sun, 30 Dec 2007 20:22:57 -0500
thanks but no thanks..]]>