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No. of Recommendations: 3

Regarding the restating of SUI's FFO downward ... you have to wonder if Management had previously awarded itself a 'Bonus' and stock options and so forth based on those artificially inflated FFO numbers ?

If so ... one would hope that a truly independent Board of Directors would send a message by insisting on correcting that error ... and reversing whatever 'Bonus' had been awarded.

If they don't, then I would like to nominate SUI for inclusion into our forum's "Hall of Shame".

And [rant follows]

Aren't the folks who manage our Pension Funds ever going to publicly speak out on this sort of issue ?

I can understand that the gun-slinging mutual fund managers could care less.
And I suppose I can understand that money managers who earn their fees loaning big bucks to SUI, could also care less.

But surely (other that Warren Buffet & Elliot Spitzer) why aren't our Pension Fund managers out in front on this ?

Aren't these kinds of book-keeping issues the sort of thing that the Sarbanes-Oxley internal control certification requirements are supposed have brought under control ?

[rant over]

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