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Author: yodaorange Big red star, 1000 posts Feste Award Nominee! Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77156  
Subject: Re: ROIC: down this week Date: 10/25/2012 5:54 PM
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CM asked: <What really caught my eye is the stock is now trading below 50DMA, and today would mark the 3rd day in row if it finishes below 12.72.

CM, I have zero company specific knowledge about ROIC. I know that the elephant in the room is how they handle the warrants that are outstanding.

Based strictly on price, I see nothing to worry about on ROIC. I used the same data I presented yesterday on MREITS. It was the price change from the day before QE to infinity (9/12/12) was announced through yesterday's (10/24/12) close.

Here are the pertinent numbers for ROIC

Equity REIT Index (VNQ) = -2.56%
Median Equity REIT = -2.58%
ROIC = +0.79%

ROIC is outperforming since QE was announced. If there was something specific to ROIC, I would have expected to see it substantially underperforming other equity REIT’s.

I would say that as equity REITS go, so will ROIC go. Of course there is the chance that they will announce something major regarding the warrants on the 11/1/12 Q3 Conference call. If they do that, obviously it might have a dramatic effect up or down.

Thanks,

Yodaorange
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