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Industry Discussions / Real Estate Inv. Trusts: REITs
|Subject: SCPZF: Not all that glitters...||Date: 2/8/2013 9:53 AM|
|Author: katinga||Number: 73637 of 82300|
Sprott announced an eye-popping dividend a few weeks back, and it got mentioned on this board as a farmland play. See this link and read the comments as well as the article.
Apparently, much of the dividend is return of capital, though management feels that, since there won't be much further M&A expenditures, it will be able to cover the dividend.
However, there is one more issue. That farmland is not profitable.
I bought a very small allocation, but I don't think this is widows and orphans material.
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