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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (54390)10/29/2014 9:16:14 AM
From: E_K_S  Read Replies (1) of 78673
 
American Realty Capital Properties, Inc. (ARCP)

ARCP Says Accounting Errors Were Intentionally Not Fixed

American Realty Capital Properties Inc. (ARCP), the biggest U.S. owner of single-tenant properties, said its financial statements are inaccurate and replaced its chief financial officer and chief accounting officer
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Sold 50% of my shares on 10/20 to harvest losses on my high priced shares. Hopefully will be able to buy those back at a lower price. They need to get this accounting issue resolved. Not sure I trust management.

EKS
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