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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.66-0.1%Jan 16 4:00 PM EST

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To: E_K_S who wrote (54450)11/30/2021 9:55:24 PM
From: Johnny Canuck  Read Replies (1) of 69867
 
Modest increase in SOHOB.



No sure they will resume dividend payments right away. SOHOB was redeemable in August or September.
In theory they do not have to redeem but the expectation is they would want to roll them over before interest rates increase. Each SOHOB has a face value of $25. A lot of capital would have to be used up. Easier to get their mortgage payments under control and pay off lines of credits I would think.

You can read it two ways. They are running out of alternative for financing and selling assets into a weak market or they want to better align costs with revenues from properties.

CES in January will be a big test to see who wants to travel. Data points will not be specific to SOHO but a read on the travel interest overall for business. Right now I am scheduled to be there but will probably just attend virtually. Normally it is 150,000 people from overall the world and you usually catch some sort of cold or flu bug. Not worth the risk this year again. Despite the hype major supply contracts are signed during the show usual from retailers small and large. Most of the work happens in bars and meeting rooms not on the trade floor.
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