No. of Recommendations: 1
Some time back JCAP was discussed on the board with the same basic truths being revealed about the cash flow and dividends.

So, why would anyone buy it?

I was looking at it because I thought it would be good dividend to collect while the 20% equity in the developments eventually became monetized.

I decided that this was too risky. Especially after what was going on with NRF/CLNS/CLNY.

It makes me wonder how much of the company is owned by institutions? They may feel they are nimble enough to exit quickly if they see things going south?

-srockaz
No JCAP position
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