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: E_K_S who wrote (59252)	3/19/2017 6:39:26 PM
From: Spekulatius	2 Recommendations Recommended By E_K_S Jurgis Bekepuris Respond to of 78755

The information in MNPP website, regarding the properties they hold is quite good. Their tax rate is about 36% and a good a decent chunk is state taxes. So, I think they would benefit to the tune of a $1M or so, if Trump follows through. They have been restructuring their promptly portfolio for a while now and selling properties in non-core markets and exchanging the, through 1031 exchanges for properties in the tri-state area. They mentioned talks about converting into a REIT structure, but the problem is that a huge amount of taxes becomes due because all the assets get re-valued at fair market value. MNPP pays a dividend of $35/share currently, which has been slowly rising over the years. I have not looked at banks lately because the huge runup has made finding value in this sector difficult. I am also somewhat concerned about retail commercial RE getting under pressure and if that is the case, community banks will suffer, since most of their lending goes towards commercial RE.

To: E_K_S who wrote (59252)	3/20/2017 12:40:26 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78755

NYCB. I add a little to my shares. Lack of performance of stock could be due to to mgmt's botched acquisition attempt and their poor communication about it and about NYCB's next steps. fool.com. Before the acquisition attempt, management was seen as savvy and astute (my opinion). Now though, maybe they're seen as having risen to their level of incompetence. Still, and maybe in spite of management, the bank remains very strong in its niche market (NYC and environs/loans on rent-controlled properties). ca.finance.yahoo.com