Seeking Alpha
  • Minutemen
    Sold $MPW on a stop loss.
    4/12/13
    Reply (14)
    • DAG1996: Sorry to see you go, but understandable. I'm looking for the bottom of this dip to add to my position. I've little faith in BoA.
      4/12/13
    • Minutemen: Yeah, I really hated to lose this one, but recent negative catalysts have me a bit worried. I'm going to re-assess and think about getting..
      4/12/13
    • Minutemen: back in. Apparently there was a default on a lease that lead to sell off yesterday & then the downgrades, concerns about FFO and ability..
      4/12/13
    • Minutemen: to cover acquisitions that are accretive. Could be overblown, but my position is fairly recent and didn't want to take a loss.
      4/12/13
    • DAG1996: Have links about these negative catalysts? Not concerned by analysts' concerns but would like to read about material facts like a default
      4/12/13
    • Minutemen: The only info I have on the default is in a comment on SA from Brad Thomas. Here's the URL: http://seekingalpha.com/a/sl7f
      4/12/13
    • Minutemen: Search on MPW to find the comment.
      4/12/13
    • DAG1996: Thanks. I've been searching for news on $MPW since yesterday morning ... nothing other than BoA downgrade and FFO comments.
      4/12/13
    • Minutemen: Yeah I know. It's very frustrating when you can't find news on stock surge/drop.
      4/12/13
    • DAG1996: I think the drop is more about the downgrade in combination with profit taking than a default since only insiders know about the default yet
      4/12/13
    • DAG1996: I'm still up nearly 20% so i'm still a buyer in the coming days depending on whether/what I find about a default.
      4/12/13
    • Minutemen: I hope its just the downgrade. The price has come far fast. Will be interesting to see how Brad responds to the default.
      4/12/13
    • Minutemen: Price looking fairly stable around 15ish for now..
      4/12/13
    • DAG1996: Yes, it'll probably hover around $15 for at least a few days so that's probably where I'll add.
      4/12/13