Jun. 16 at 5:53 PM
$SACH My thesis has evolved. This is NOT a dividend stock anymore. It’s a transformation story.
SACH built a loyal following as a small public lender, but higher rates, slower originations, and public market inefficiencies kept it stuck in an awkward middle ground.
Now the entire bet is different.
📌 Merger with IRG
📌 Transition into a much larger industrial REIT platform
📌 Investor focus eventually shifting from PB & dividend yield to NAV, FFO & AFFO
The
$2/share thesis isn’t a meme target. It’s based on current merger assumptions and existing SACH shareholders owning 5.9% of the combined company. The market simply wants proof first.
Upcoming catalysts are the proxy and additional asset disclosures. That’s when investors can finally analyze the actual assets, debt, and cash flows entering the public company.
Biggest risk? The market must like what it sees.
Still bullish, but this is now a patience and execution story, not a yield story.
