Author Topic: LAACZ - LA Athletic Co  (Read 27364 times)

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #70 on: February 19, 2020, 04:16:59 PM »
Firework in the volume today, a whopping $0.5mm traded

Wild times!


Spekulatius

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Re: LAACZ - LA Athletic Co
« Reply #71 on: March 10, 2020, 05:25:13 PM »
Managed to get my grimy hands on a few more units today at a good price. I feel like a collector 💵. They announced a small raise in distribution to $25 so business seems to be going on somehow.
https://www.otcmarkets.com/stock/LAACZ/news/Distribution-Announcement?id=255435

Eric is correct that if you actively manage your own real estate with significant leverage, you can get higher returns. I personally expect a compounded return in the high single digits (8-9% conservatively), consisting of a 4-4.5% distribution yield, some organic growth ~4% and share repurchases 0.5%. 4% organic growth shouldn’t be too hard with some inaction and some organic growth from upgrading properties or purchasing new ones from retained earnings. I have owned this since 2012 and they expanded from 47 wholly owned to 59 owned properties just with organic growth. It’s like watching grass grow, but in a good way. Easy to understand and no worries.
Life is too short for cheap beer and wine.

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #72 on: March 12, 2020, 10:37:56 AM »
I bought another unit today at 2070

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #73 on: March 23, 2020, 01:12:03 PM »
Down 50% today??

jwelborn93

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Re: LAACZ - LA Athletic Co
« Reply #74 on: March 23, 2020, 01:21:20 PM »
Looks like the price fell on the volume of 4 shares...was most likely a market sell order.

johnny

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Re: LAACZ - LA Athletic Co
« Reply #75 on: March 23, 2020, 01:51:09 PM »
lol congrats to whoever went to the trouble of keeping that bid out there

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #76 on: March 23, 2020, 01:52:52 PM »
lol congrats to whoever went to the trouble of keeping that bid out there

Seriously ;)

BG2008

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Re: LAACZ - LA Athletic Co
« Reply #77 on: March 23, 2020, 01:59:51 PM »
Okay, I'm going to put in some bids at some ridiculous prices now

Spekulatius

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Re: LAACZ - LA Athletic Co
« Reply #78 on: March 23, 2020, 03:02:17 PM »
Down 50% today??

I think it was a margin call. I picked up some at $1410 (my stinker bid) but wasn’t quick enough to get more. The guy who scoreD some at $1025 got a price that is better than during the GFC, especially if you adjust for the value created since then. Absolutely crazy.
Life is too short for cheap beer and wine.

bskptkl

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Re: LAACZ - LA Athletic Co
« Reply #79 on: March 23, 2020, 09:58:02 PM »
Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025.
Dang - didn't have any bids out there.

Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25.

What's up in deep dark value land?