Re: Re: Equity Commonwealth Announces Termination of Merger Agreement with Monmouth
9
If Helfand costs $5-6mm/yr for doing nothing, I'll happily take the job for a mere $2mm/yr to any activist that wants to take over. As long as you don't mind me working from home. I'll... login to read the rest
Re: Equity Commonwealth Announces Termination of Merger Agreement with Monmouth
8
These guys should liquidate the REIT and return cash. Gone from ~170 properties to 4, sitting on $3b+ of cash, and they have found nothing at all to buy over almost 8 years? Even after... login to read the rest
Re: Re: Re: Re: Is the structurally really aligned?
4
A few points to add:
I chose 5/23/14 because that was an obvious start date, but if we're really digging into the data, I would say that the stock was artificially high at that point due... login to read the rest
OK true but let's be intellectually honest: is that outperformance because they added value, or because a black swan global pandemic happened that has de-rated retail/office real estate values and they were all in cash... login to read the rest
I have followed EQC since before Zell/Helfand took over, and this cost/alignment issue has been a constant for the past 5+ years. IMO, the accusation is largely true: they pay themselves well, and the process... login to read the rest
Have followed this reasonably closely and was one of the early pitches on this years ago. Looking back, I'm pretty disappointed with how the thesis played out. I find it really surprising that in the... login to read the rest
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