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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: itilis2003 who wrote (22509)11/21/2005 2:35:02 PM
From: itilis2003  Respond to of 78750
 
FSP continues to do well.

I finally listened to the conference call.

They have NEVER lowered their dividend in the companies history and they dont take increases or decreases lightly.

The clear impression I got was our 31 cents per quarter is VERY secure and any future increases would be secure also.

They were in a blackout as of the call but said they expected to be buying back stock for the company as soon as they could.

Also mentioned some conference in Chicago where he said he looked forward to meeting some of the folks on the call.

The stock is $18.50 right now with volume near 400,000.

Only problem with the increased price is the dividend yield is lower...currently 6.67%.