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


To: MCsweet who wrote (37385)4/14/2010 10:06:28 PM
From: E_K_S  Read Replies (1) | Respond to of 78748
 
RE: Medical Properties Trust, Inc. (NYSE: MPW)

Looks like it has been priced at $9.75/share. . .

Medical Properties Trust Announces Pricing of Public Offering of 26 Million Shares of Common Stock
finance.yahoo.com
From the article"...Medical Properties Trust, Inc. (the "Company") (NYSE: MPW - News) announced today that it priced its underwritten public offering of 26 million shares of common stock (the “Offering”) at $9.75 per share..."

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Some concern that they are paying down 6.125% debt w/ new shares paying an 8.2% dividend. It's still a good time in the cycle to buy properties (perhaps some can be acquired for .75/cents on the dollar). Will be starting a position in both the IRA and taxable account.

EKS