11-01-2019, 12:33 PM
(11-01-2019, 11:35 AM)Otter Wrote:Yes they beat by 2 cents but missed on the revs side. I believe they guided next quarter in line.(11-01-2019, 10:24 AM)divmenow Wrote:(11-01-2019, 09:52 AM)Otter Wrote: I added yet more pooled dividends to SKT this morning. Dollar cost averaging . . .
You have such a love fest for SKT
Their latest earnings print was actually decent. Enough AFFO to cover the dividend, and the tenancy figures they gave certainly don't paint a picture of all their tenants being driven out of business by Amazon. With the short interest up to 51% of the float, you'd think they had declared Chapter 11. Seems like a good candidate for a short squeeze, and in the meantime those folks get to pay my dividend.
That said, it is one of my smaller holdings, and my cost basis is now down to $19.50, so I've still got a ways to go before the paper values are out of the red.
I bought the stock as $13.90 in Aug sold at $17 . That's the level is cant seem to get above. Its on my watch list but only for a swing trade. If it can break out above $18 then it will go. I just dont see that happening with retail still an issue. If it gets under $14 I will add again.