Here’s my issue with the whole HASI situation. There’s very little public information out there compared to some stocks. Why did HASI drop 1% on Friday, while the rest of the market was up 1%? Every REIT I own was up, even the high risk MORL and CEFL were up. What news or situation caused the price to drop on an up day like that?
Secondly, why is it trading 8% under its secondary offering price of $20 a share from a few weeks ago? Based on your understanding of it, is the current price of $18.35 a share a decent entry point for both stock price appreciation and dividend growth?
B&W, there are a lot of good REITs out there to choose from, including the SWANs (sleep well at night) that Brad Thomas and others pick. Why should someone put money into HASI, instead of OHI, SOHO, or some of the other options? What made you pick it, and how did you evaluate it’s financials (FFO, debt-level, dividend growth history, etc).
Also, if you do sell the losers and just add to winners, aren’t you just chasing past performance? Blindly doing that without understanding the entire business you are invested in can lead to financial catastrophe.