Daily Stock Opinions and Ratings

Opinions

Charles Dillingham Whiterock REIT WRK.UN-T DON'T BUY Aug 03, 2010

Have done some fancy financing that he was not comfortable with. Caveat emptor.

Charles Dillingham

Unlock Rating

$14.750

Stock price when the opinion was issued

property mngmnt investment

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

Focuses out west on office, retail and industrial. Over distributes on incoming income so the question is can they grow big enough to offset this. I've made some accretive acquisitions over the last several months. Relatively inexpensive.

WEAK BUY

Have done a significant job of diversifying. Brought their payout ratio down from about 130% to 117%. A definite Caveat Emptor so don't invest too much.

SELL

Over-paying distribution and have done so for a long time. Not a big fan of senior management. They are more financial engineers. Cautious of this name.

BUY ON WEAKNESS

Company has had a chequered career and have now developed a reasonable and diversified portfolio. Yield of over 8%. Some questions on CEO’s compensation. If interest rates rise, there could be problems.

DON'T BUY

Has a fundamental difference with management on how the REIT should be managed. Assets are very good but the leverage is way too high and the distribution is not sustainable. Income is not as secure as in other REITs.

COMMENT

Recently sold a large part of his holdings. Bothers him that CEO’s compensation is based on growth rather than profitability. Also making more acquisitions outside of Canada and hopes they can transition these into accretive acquisitions. Doesn't expect much growth.

COMMENT

CEO’s contract is like no other. He takes fees both coming in and going out. Has pushed some good product and has done a lot of stuff well. Hasn't looked at this one closely although he has a little bit.

SELL

Doesn't like this REIT at all, basically because of management. Suspects that some of the net operating income from some of their recent acquisitions won't stand up over the test of time.

COMMENT

High yield of around 9%. Had been doing a lot of growth. Not much institutional support. Has been significant concern that the CEO has been taking very good care of himself on the financing. They claim they're going to be improving that. Looks safe right now but the market will be watching very carefully.

SELL

(Market Call Minute.) Thinks there are corporate governance issues

Most Recent Experts

Stockchase Insights

5i Research

Michael Hakes - CFA, MBA

Murray Wealth Group

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Jim Lebenthal

Cerity Partners

Brenda Vingiello, CIO, Sand Hill Global Advisors

Sand Hill Global Advisors

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Charles Dillingham Whiterock REIT WRK.UN-T DON'T BUY Aug 03, 2010

You might be interested:

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Whiterock REIT(WRK.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

Michael Hakes - CFA, MBA

Stephen Weiss, Founder, Short Hills Capital Partners

Jim Lebenthal

Brenda Vingiello, CIO, Sand Hill Global Advisors