BG2008 Posted December 15, 2020 Share Posted December 15, 2020 https://griffinindustrial.com/news/griffin-announces-fiscal-2020-fourth-quarter-leasing-and-update-on-rent-collection/#press 11.6% of the warehouse space was renewed during the quarter. Rent increases may artificially look low due to one of the buildings having 17% above market rent 5 years back due to higher Tenant Improvement investments back then. I think the early renewal is reflective of the tenants understanding that space in LeHigh Valley will be tight for the foreseeable future. Link to comment Share on other sites More sharing options...
BG2008 Posted December 17, 2020 Share Posted December 17, 2020 New high of $80 hit recently. Trading volume average $1.3mm in past four days. I hope the company has been using the ATM to sell about 10% of daily volume which meant they could have raised $0.5mm in recent days. I think if they can get daily volume to trade $3-5mm, that seems to be the range when large institutional investors would feel comfortable owning a $5-10mm stake in the company. During my career, I have heard of plenty "Yes, it's trading at 50 cents on the dollar, but I'll get stuck if I buy a position." and 6 months later "Oh, it's trading at a 10-20% premium. But it's an exciting growth story now. And I can build a position in 3-5 days. Okay, I'm in." There could be a flurry of buying once the daily dollar volume gets there. It's not necessarily smart, but that's how it works. I think buying cheap is very important. But understanding the mechanisms of how institutional capital works is also really important. Link to comment Share on other sites More sharing options...
Gregmal Posted December 18, 2020 Share Posted December 18, 2020 For whatever reason, this one is always super interesting on the quadruple witching days. Link to comment Share on other sites More sharing options...
BG2008 Posted December 18, 2020 Share Posted December 18, 2020 One of my investors e-mail me and congrats me on the $80 print and we are swiftly punished. After all, we are value investors. We don't deserve euphoria. Our specialty is suffering and stoicism. Link to comment Share on other sites More sharing options...
BG2008 Posted December 18, 2020 Share Posted December 18, 2020 Also interesting to point out that 106k shares traded today or over $7mm Down day, but I am happy to see real volume and this company continue to turn into an institutional name Honestly, I hope it's Gabelli getting out of the name Link to comment Share on other sites More sharing options...
thepupil Posted December 18, 2020 Share Posted December 18, 2020 Warehouse are old news, guys. Please take note of the 1100 bp widening in the Hartford - Panama City basis today (otherwise known as the GRIF / JOE spread) Nibblin' on sponge cake Watchin' the sun bake All of those tourists covered with oil Strummin' my six string on my front porch swing Smell those shrimp They're beginnin' to boil Link to comment Share on other sites More sharing options...
fareastwarriors Posted December 18, 2020 Share Posted December 18, 2020 Warehouse are old news, guys. Please take note of the 1100 bp widening in the Hartford - Panama City basis today (otherwise known as the GRIF / JOE spread) Nibblin' on sponge cake Watchin' the sun bake All of those tourists covered with oil Strummin' my six string on my front porch swing Smell those shrimp They're beginnin' to boil GRIF is just missing a nice promo video. Maybe add a TikTok account too Link to comment Share on other sites More sharing options...
BG2008 Posted December 22, 2020 Share Posted December 22, 2020 I blame this recent selloff on my LP saying nice things to me about the GRIF position. We are value investors. We deserve no love. No love. I'll go put my stoic face on. Link to comment Share on other sites More sharing options...
CorpRaider Posted December 22, 2020 Share Posted December 22, 2020 ;D Link to comment Share on other sites More sharing options...
fareastwarriors Posted December 22, 2020 Share Posted December 22, 2020 I blame this recent selloff on my LP saying nice things to me about the GRIF position. We are value investors. We deserve no love. No love. I'll go put my stoic face on. Buy more? Link to comment Share on other sites More sharing options...
BG2008 Posted December 22, 2020 Share Posted December 22, 2020 I blame this recent selloff on my LP saying nice things to me about the GRIF position. We are value investors. We deserve no love. No love. I'll go put my stoic face on. Buy more? YES IN A BIG WAY!!!! (For the AI bots scraping this thread). But I have a decent size position. Had I trimmed at $80, I would have bought more today. But such is life. Link to comment Share on other sites More sharing options...
bilo Posted December 22, 2020 Share Posted December 22, 2020 I bought a little today and will in coming days if it stays here or goes lower. What nutty volatility (both up and down). Link to comment Share on other sites More sharing options...
Gregmal Posted January 4, 2021 Share Posted January 4, 2021 Exciting news with the name change. Up there with MagnaChip announcing it changed its name to Magnachip as part of its rebranding effort! Link to comment Share on other sites More sharing options...
villainx Posted January 4, 2021 Share Posted January 4, 2021 Exciting news with the name change. Up there with MagnaChip announcing it changed its name to Magnachip as part of its rebranding effort! Hopefully name or symbol change is the new market inefficiency! Link to comment Share on other sites More sharing options...
Castanza Posted January 4, 2021 Share Posted January 4, 2021 Exciting news with the name change. Up there with MagnaChip announcing it changed its name to Magnachip as part of its rebranding effort! Hopefully name or symbol change is the new market inefficiency! Only if Robinhood users are buying ;D Link to comment Share on other sites More sharing options...
CorpRaider Posted January 5, 2021 Share Posted January 5, 2021 Ahh yes, the indus river valley, cradle to an ancient and venerable civilization. Much love to our guys and gals from the subcontinent. Link to comment Share on other sites More sharing options...
thepupil Posted January 5, 2021 Share Posted January 5, 2021 Tigris-Euphrates just doesn't have the same ring Link to comment Share on other sites More sharing options...
BG2008 Posted January 5, 2021 Share Posted January 5, 2021 Ahh yes, the indus river valley, cradle to an ancient and venerable civilization. Much love to our guys and gals from the subcontinent. INDUS as in Industrial? Link to comment Share on other sites More sharing options...
CorpRaider Posted January 5, 2021 Share Posted January 5, 2021 Yeah, I think that's what they were going for. "INDUS Realty Trust" Just being a little cheeky. What if they were like "we're a reit focused on exclusively on the contested Kashmir region." Link to comment Share on other sites More sharing options...
BG2008 Posted January 13, 2021 Share Posted January 13, 2021 I guess we were all too dumb. We all should have bought Innovative Properties. 10 bagger since 2016. Link to comment Share on other sites More sharing options...
villainx Posted January 14, 2021 Share Posted January 14, 2021 Is this old news? https://seekingalpha.com/pr/18151232-indus-announces-dividend I couldn't find press release on company site. Link to comment Share on other sites More sharing options...
BG2008 Posted January 29, 2021 Share Posted January 29, 2021 Did Gabelli sell out of their entire position? They now file a 13G. Frankly, I am glad that they did. Gabelli never saw eye to eye with the managment team. I doubt that they saw the merit in growing the company and have pushed the company to buy back shares in the past which would have resulted in the company being stuck with a lot of land in Hartford. https://www.sec.gov/Archives/edgar/data/877670/000080724921000015/grif13g_03_sc.htm Did any receive election materials for cash vs stock for the $1.99 special dividend? Link to comment Share on other sites More sharing options...
BG2008 Posted January 29, 2021 Share Posted January 29, 2021 Where is Pupil? He's an expert at figuring out these shareholding filings. Link to comment Share on other sites More sharing options...
thepupil Posted January 29, 2021 Share Posted January 29, 2021 don't think i'm an expert, but I have bloomberg which usually helps parse these. My initial read is that this does not represent a significant (or any) change in ownership for Gabelli. this only refers to the amount held by a part of the GAMCO / Gabelli Funds Complex and from what i can tell, the share count hasn't changed since 12/31/2020. Also there's no block trades visible that would indicate that type of huge sale (which would also warrant a press release given the INDT is now super great at communicating/IR). as for why this is being filed, I can't figure that out. Link to comment Share on other sites More sharing options...
BG2008 Posted January 29, 2021 Share Posted January 29, 2021 don't think i'm an expert, but I have bloomberg which usually helps parse these. My initial read is that this does not represent a significant (or any) change in ownership for Gabelli. this only refers to the amount held by a part of the GAMCO / Gabelli Funds Complex and from what i can tell, the share count hasn't changed since 12/31/2020. Also there's no block trades visible that would indicate that type of huge sale (which would also warrant a press release given the INDT is now super great at communicating/IR). as for why this is being filed, I can't figure that out. Thank you for the feedback. That Bloomberg is kind of amazing. How does block trades get reported? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now