Nov. 17 at 8:32 PM
$ARE Just some simple caveman math, thinking forward on a timespan of a couple years (which is allegedly more than hedge funds can do nowadays)
Dividend yield has been around 5-7% @
$5.28 per share recently.
They will likely cut the dividend for the next couple quarters to a year or so, by how much is unknown but likely within the range of 9.1% - 16.7%. Let's assume the worst case scenario which is 16.7% which would result in
$5.28 ->
$4.40 per year, that is LITERALLY 8.8% annual dividend with the current price of
$50.
You are paying
$50 right now for a stock that will yield around a 9% dividend annually, and which has an insanely large portfolio of concrete assets and literally decades of gradual industry growth to back it up. I think even bears on this stock would agree that it is recovering in the long term whether that means 6 months, 1 year, 3 years etc. By recovering I mean it will reclaim
$100+, maybe not the insane covid highs of
$220+ (at least for a while)
