SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (54446)10/29/2014 5:08:03 PM
From: Paul Senior  Read Replies (1) of 78670
 
ARCP. Yeah, these companies with bogus financials. I seem to own one about every year. Last year was Poseiden in Canadian oil service business (supposedly there was a business) which turned out to be an outright fraud. ARCP does have properties, does pay a dividend. I don't know if the dividend is sustainable or at risk. I will hold on though. -- As I have done with several of the others of this ilk that have reported substantial accounting "errors" and had overly aggressive management. With Poseiden, I rode its"errors" into "fraud" into "a total fraud" and into bankruptcy. My position is now worth, in total, about 17 cents. I suspect, but don't know, that the ARCP situation isn't ultimately like that.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News