Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (43728)	8/5/2011 3:01:30 PM
From: Grommit	Read Replies (2) \| Respond to of 78702

AHT. Strange days. Brings back memories from 2 yrs ago. I've become fully invested over the past few days. Some of it a little early. but some at the very lows too. I sold some pref stocks to invest in other stocks that dropped. One stock that took a great hit was AHT. Dropped 27% yesterday on earnings announcement. read this first: seekingalpha.com They had 2 non-cash expense items. that they subtracted to get AFFO. I think those items were legit to ignore for AFFO. One was a pref stock div related to redemption of series B-1 preferred. Not sure what it is, but clear that it was a one time event. "Early in the quarter, we announced repurchase of approximately 5.9 million shares of the Series B-1 Convertible Preferred Stock from Security Capital Preferred growth. The remaining 1.4 million shares of the Series B-1 were converted into the common shares. " The other item was derivative loss. "Since the length of the swaps not match a term of the underlying fixed rate debt for GAAP purposes the swap is not considered as an effective hedge. The result of this is the changes in market value of these instruments must run through our P&L each quarter as unrealized gains or losses on derivative." I've seen those gains/losses on int rate hedges explained away by others because they zero out over the life of the derivative. Not sure about this one, but in any case, the explanations provided on conf call notes are pretty crappy and non existent in the press release. So maybe lack of explanations contributed to the sell off. Adjusted earnings were fine. Adjusted FFO Q2 $ 51,557 Q1 $ 33,742 Adjusted FFO per diluted share available to common shareholders Q2 $ 0.66 Q1 $ 0.46 Anyway. PE of 4, div yield of 5%. Talk of raising the dividend. blah blah blah. I bought 2 tons of it yesterday and today. Can anyone shed light on the accounting and on my take of the situation. grommit ................... Q: Hi, good morning. With the stock down quite a bit today and as I recall, you had stopped your share repurchase program somewhere in the $7 to $9 range, do you think about buying some shares at these levels getting that restarted? A: We had stopped that repurchases about, I think, like we said, in the $8 range or so. And frankly that’s something that we just started talking about to this morning when we saw the downdraft. No plans right now, but it’s certainly starting to enter that territory. earnings finance.yahoo.com this is typical mfool superficial crap: fool.com dividend: We’ve got great coverage. We would like to increase it, I personally would like to increase and I think that the management and board would like to increase it. What we do is we make that decision in December of every year and give guidance for the upcoming year. And so if the economy continues to roll on and the lodging industry continues to do as well as it’s been then we would definitely be recommending to the board an increase the amount...