rogermunibond Posted March 15, 2013 Share Posted March 15, 2013 Uh, unfreaking believable. Roicw closes at $1.58. Link to comment Share on other sites More sharing options...
doc75 Posted March 15, 2013 Share Posted March 15, 2013 Uh, unfreaking believable. Roicw closes at $1.58. Of course it did. I dumped mine at just below $1 and thought I made out quite well at the time! Link to comment Share on other sites More sharing options...
Myth465 Posted March 16, 2013 Author Share Posted March 16, 2013 Still holding. Nice double. Link to comment Share on other sites More sharing options...
stahleyp Posted March 20, 2013 Share Posted March 20, 2013 From what I'm seeing, the strike on these is now $12 even. Is that right? Link to comment Share on other sites More sharing options...
MYDemaray Posted March 20, 2013 Share Posted March 20, 2013 yes Link to comment Share on other sites More sharing options...
stahleyp Posted March 20, 2013 Share Posted March 20, 2013 yes Thanks MY. Thought I might be crazy (I still might be, but at least not this time!). Link to comment Share on other sites More sharing options...
Myth465 Posted April 10, 2013 Author Share Posted April 10, 2013 This has worked out quite well, up 210%. Anyone still holding. If ROIC moves up 10%, thats another 200%...... We still have 16 months or so. Link to comment Share on other sites More sharing options...
MYDemaray Posted April 10, 2013 Share Posted April 10, 2013 Unfortunately sold all of mine between 1.50-2.00...don't forget that some dilution will occur due to shares from new warrants... Link to comment Share on other sites More sharing options...
Myth465 Posted April 10, 2013 Author Share Posted April 10, 2013 Thats a good point, will chew up some dividend growth, due to higher share count. Will need to see Q1 release plus the new dividend they plan to pay. Link to comment Share on other sites More sharing options...
vpagano Posted April 10, 2013 Share Posted April 10, 2013 Still holding all mine I've had for a while, cost basis low $.80's. Guess I shouldn't get too greedy if it gets to be a triple. Link to comment Share on other sites More sharing options...
rogermunibond Posted April 10, 2013 Share Posted April 10, 2013 My cost base is 77 cents, but I think this one has multiples to go. Link to comment Share on other sites More sharing options...
rogermunibond Posted May 8, 2013 Share Posted May 8, 2013 Anyone have a chance to listen to the cc? ROIC is starting to get asymptotic. Link to comment Share on other sites More sharing options...
Myth465 Posted May 8, 2013 Author Share Posted May 8, 2013 I am looking to sell. Now up 300%. I want to hold, but I feel its gambling. We have a stock with a 4% yield holding property with cap rates of 5% and 6%. Dividends wont be raised for a bit while warrants or suggested. When rates move up REITs will be crushed, ROIC included. On the other side we have one of the best and most professional management teams I have seen. What do you all think? Link to comment Share on other sites More sharing options...
ericd1 Posted May 9, 2013 Share Posted May 9, 2013 I don't see rates raising until after the warrants expire. Plus the 4% yield is low for an REIT. Not sure this is all that risky and there could be more upside ahead. What am I missing? Link to comment Share on other sites More sharing options...
Myth465 Posted May 9, 2013 Author Share Posted May 9, 2013 You hope rates dont rise. 4% seems to be on the low end for REITs. With a 4% yield being the bottom the only way the stock price goes up is rents moving up and more properties. We are buying properties at 5% and 6%, our debt is cheap and we enhance that yield with upping rents during leases. For now the Dividend will not move while the warrant money is reinvested. Shares outstanding has gone up but cash flow is the same for now. The upside is there but is capped, who is going to buy a REIT at 2% yield? The downside is rates move up, or people see the bubble in REITs / MLPS and the stock drifts down. Leverage works both ways and a 330% gain can go down fairly quickly. http://static.cdn-seekingalpha.com/uploads/2013/3/28/330973-13645267392654927-Brad-Thomas_origin.jpg Link to comment Share on other sites More sharing options...
rogermunibond Posted May 10, 2013 Share Posted May 10, 2013 For me it seems like the next 6-9 months we'll see continued dilution from warrants exercising. That'll hide any improvement in FFO per share and limit dividend raises. I can't imagine that they can acquire properties or improve occupancy rates fast enough to offset dilution. Also, find it hard to see divie hungry REIT investors driving the yield down to 3.5%? OTOH, cash from the warrant exercise allows them to pay down their revolver so more capacity for funding acquisitions. So I guess I'm arguing that the warrants might be dead money for a while. Dunno. I am looking to sell. Now up 300%. I want to hold, but I feel its gambling. We have a stock with a 4% yield holding property with cap rates of 5% and 6%. Dividends wont be raised for a bit while warrants or suggested. When rates move up REITs will be crushed, ROIC included. On the other side we have one of the best and most professional management teams I have seen. What do you all think? Link to comment Share on other sites More sharing options...
Myth465 Posted May 10, 2013 Author Share Posted May 10, 2013 Seems like we are in agreement. I see about the same, more downside risk then upside risk given the market. Link to comment Share on other sites More sharing options...
ericd1 Posted May 10, 2013 Share Posted May 10, 2013 You guys are absolutely correct, more downside risk than upside potential. Link to comment Share on other sites More sharing options...
Myth465 Posted September 4, 2013 Author Share Posted September 4, 2013 I bought back into the warrants after the pull back, seems like the warrants are now getting a bit of time value. Link to comment Share on other sites More sharing options...
vpagano Posted September 4, 2013 Share Posted September 4, 2013 Premium of warrants vs. ROIC Link to comment Share on other sites More sharing options...
rogermunibond Posted November 1, 2013 Share Posted November 1, 2013 http://seekingalpha.com/article/1794762-retail-opportunity-investments-management-discusses-q3-2013-results-earnings-call-transcript ROIC keeps chugging along. Interesting note that one of the sellers of a shopping center chose to receive shares instead of cash. Link to comment Share on other sites More sharing options...
Myth465 Posted November 1, 2013 Author Share Posted November 1, 2013 I am very happy with the results. My second slug of warrants are up 45% so far. This is after booking a gain at 385% or so when they touched $3.60. I sold then, and bought a small portion at $2. Very happy, they have absorbed the warrants and now will resume raising the dividend in Q4 (thats my guess). I plan to hold until 2014 and then we could see a fairly large gain. 5% growth in same center revenues is very impressive. Shows they are buying properties with upside. I really like management, I would hold stock for the long term, but I think the REIT space in general is overvalued. Listening to the call now. Link to comment Share on other sites More sharing options...
Myth465 Posted March 12, 2014 Author Share Posted March 12, 2014 Very Interesting. Warrants may work out quite well. http://seekingalpha.com/news/1621193-vornado-considers-spinoff-of-suburban-shopping-centers Link to comment Share on other sites More sharing options...
stahleyp Posted March 12, 2014 Share Posted March 12, 2014 Myth, thanks so much for sharing this idea. :) Link to comment Share on other sites More sharing options...
Myth465 Posted April 16, 2014 Author Share Posted April 16, 2014 These are up nicely and are getting close to 52 week high. First slug was bought at .70 and sold at $3.50 or so. Second slug bought at $2 and now at $3.7 Could be a massive home run if they do a transaction with Vornado. Link to comment Share on other sites More sharing options...
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