No. of Recommendations: 8
I do NOT follow CWH but noticed the common was down 6% today and ~ 15% in the last two weeks. Here is the reason for today's drop:

A circuit court judge in Baltimore has denied the petition by a dissident shareholder of CommonWealth REIT to litigate its dispute with the real- estate investment trust, meaning the case will move to arbitration proceedings.

Clearly the market has voted this as a victory for the Portnoy's. . .

It will be interesting to see the hedge fund's next move. . .
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