Weekend Reading – November 7, 2014

happyweekendCan you believe we’re already one week into November?

Although my time actually seems to pass much more slowly these days, it still passes faster than I’d like. Which is really why it’s so important to chase after financial independence in the first place. Our time is slowly dwindling away, so we must take control of it now.

I’ve been staying incredibly busy. I’ve got some great content already drafted or completely finished, and I’m excited to get some of that rolled out over the coming week.

Plus, I’ve been doing some interviews around the blogosphere.

If you have some free time on your hands this weekend, please check out this podcast interview I did with Joshua over at Radical Personal Finance. It’s about an hour and a half, so it’s no quick listen. But we covered a wide variety of topics. I had a lot of fun doing it, so I hope any of you interested readers/listeners out there have fun listening in.

I also had the pleasure of being asked to answer some questions for NewRetirement. It was a concise piece, but I especially enjoyed answering their question about the “golden goose”. That’s right in my wheelhouse!

So the weekend is upon us, which for me means some enjoyable time out at Siesta Key Beach, a break from writing, and some football on Sunday. Always good stuff. But this weekend is going to be a little busier than usual. Claudia and I are planning on going to see Christopher Nolan’s new movie, Interstellar. We don’t go to the movie theater all that often since a good DVD can be had for free or just over a dollar, but I’m excited to check this particular movie out. I’m also going to be meeting up with Bryan from Income Surfer this Saturday afternoon for a quick chat, as he’ll be nearby.

I hope you all have a great weekend. Thanks as always for all the support. I’m including some reading material that I recently read and enjoyed. I hope you enjoy it as well!

Undervalued Dividend Growth Stock of the Week
I wrote about a particular dividend growth stock that appears to be substantially undervalued. This stock is now on my watch list for a potential purchase at some point. I really like the fundamentals, and the dividend growth history is surprisingly excellent.

Caution: This Dividend Growth Stock Looks 25% Overvalued 
Conversely, the respective stock in this article appears to be overpriced right now. The growth has been mediocre, and the rest of the fundamentals aren’t especially impressive. I’m taking  a pass on this one.

20 Inspiring Bloggers Unveil The “One Most Important Thing In Personal Finance”
I was fortunate to be featured in this compilation. This is really great insight as to what a number of bloggers in the personal finance space feel is the most important aspect of personal finance. My answer was similar to what a lot of other bloggers picked, but there were some other, interesting answers in there as well.

Warren Buffett’s ‘Single Best Measure’ Of Stock Market Value Is Higher Today Than During The Housing Bubble
I don’t pay too much attention to broader market valuations or calls for advancement or drops, simply because it’s difficult enough to value one company. Valuing an entire stock market is just about impossible. Besides, I’m not buying the stock market, so the price matters little. That being said, Buffett’s favored market valuation measure, total market cap to GDP, is showing that the market might be pricey right now.

What should I do with American Realty Capital Properties (ARCP)?
Dividend Growth Investor ran down the potential actions he could take with his holding in ARCP. Ultimately, it looks like he’s going to hold, which is what I’m doing as well. For an interesting and potentially optimistic take on the value of the assets that ARCP holds, this piece is worth checking out.

My Total Lifetime Earnings & The New Wealth Ratio!
J. Money put a new spin on an old “Your Money or Your Life” classic exercise. You divide your net worth by all the money you’ve ever earned in your entire life. Ready for a sobering view on your wealth? Try it out!

Net Worth Update – October 2014
Henry updated us on his net worth. Huge jump in one month. Gotta love seeing a plan come together. Steve also shared his and his wife’s net worth and saw a big jump as well.

Dividend Update – October 2014
Another update, and JC received some solid dividend income. His dividend income grew 81.6% year-over-year. Ace also updated his dividend income, as did My Dividend Pipeline, Captain Dividend, Dividend Vet, DivHut, Dividend Hawk, Seraph, TawcanPassive Income Mavericks and Roadmap2Retire. Whew! Did I catch them all?

Savings Rate for October 2014
I also read over some budget updates, and No More Waffles had a great month of savings – 70%! The Frugalwoods also did a great job of keeping their expenses low, outside of their mortgage.

These 7 Dividend Growers Just Announced Dividend Hikes
Check out this list to see if you received a pay raise! I wrote a quick synopsis on each company and then went over the recent increases. More cash flow? Yes, please!

Strategies For Cultivating A Mindset Of Financial Independence
Last but certainly not least, I ran across this great piece that not only has great advice for creating a mindset to achieve financial independence, but success in the rest of your life as well. Good read.

Full Disclosure: Long ARCP.

Thanks for reading.

Photo Credit: gubgib/FreeDigitalPhotos.net

Edit: Corrected wording for first archived article.  

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70 Comments

  1. Thanks for the mention!

    I’m listening to the interview, and I just realized – if you worked from 7 to 6 pm in the auto industry days (and the market is only open 9:30 to 4), how did you place your orders to buy stock? Did you have to place limit orders or do aftermarket/premarket trading?

    Don’t know why I didn’t realize this before, haha.

  2. Thanks for the mention DM!

    I can’t believe how fast the last few months have gone but the last few weeks in particular. Would love to slow that time down a bit more and you’re doing a fantastic job of that yourself. Enjoy your weekend and hopefully you’ll be having some nice weather.

  3. DH,

    You are very welcome. Your dividend income is impressive. Financial independence is becoming more and more realistic for a lot of us. It’s wonderful to see the process in action. 🙂

    Best wishes.

  4. JC,

    I don’t mean to boast, but the weather here is just insane right now. It’s 83 with low humidity right now. Supposed to be about 10 degrees cooler tomorrow Love it. 🙂

    I hear you on the way time passes. It’s just an everyday reminder to get in gear and keep fighting for financial freedom.

    Thanks for dropping by!

    Cheers.

  5. Tawcan,

    No problem! Glad to see that you found some usefulness in the chart plugin. It’s like I’m visiting my own website when checking out your dividend income update. 🙂

    Try to get some time in for fun while working.

    Take care!

  6. Seraph,

    Oh, great. I hope you enjoy the podcast. My enthusiasm can sometimes get the best of me, but that’s just part of my personality. 🙂

    That’s a great question there in regards to buying stocks. I have an old iPhone 3G from 2008. It was turned off years ago when I decided to cut my cell phone bill down. However, it can still pick up Wi-Fi. So I would simply log onto my employer’s wireless internet during my lunch breaks and buy stocks then. Most of my purchases over the years were completed around 11:30 a.m. 🙂

    Thanks for stopping by. Have a great weekend!

    Cheers.

  7. Thank you for highlighting my article on ARCP. Given the low valuation, I think that this one is a hold and for me it would be a mistake to sell low and buy something overprices like O.

    Have a fun weekend. If I ever stop by Florida I would try to meet up also 😉

  8. As always, I appreciate the mention. It seems that we are reading more and more dividend income updates with each passing month. This community is really starting to grow fast. Have a great weekend.

  9. DGI,

    Hey, I hope you make it down someday. Would love to meet up!

    I hear you on ARCP. The valuation is just silly if it’s truly just the small adjustment that is being indicated. That being said, I never intended for ARCP (or any other REIT) to be a large position for me. And it’s moved over into speculative territory here, which is outside my wheelhouse. I don’t mind the occasional high-risk investment, but speculation isn’t for me. But I’ll continue to hold and see where this goes.

    Have a great weekend.

    Best wishes!

  10. DivHut,

    No problem on the mention!

    The community has definitely grown. When I first started, you could practically count the dividend growth investing blogs on one hand. But it’s really great to have so many interested investors changing their futures. Every member of the community strengthens the community, which just adds to the value.

    Have a great weekend.

    Cheers!

  11. Great to hear ya back doing the odd podcast, would love hear one from u every month or something.

    Good to also hear u goin out with the woman to the movies! Its my favorite date night thing to do. I usually load up at the dollar store for cheap treats and smuggle them in.

    Hey if u r into cheap entertainment at hoime and download a lot of movies via torrent, hit me up cause I got a couple private sites invites I have been using for years if u would like one to IPTorrents let me know!

  12. Thanks for the mention, really appreciate it! =)

    And it looks like you’re quite famous now with all the interviews! Have you thought about doing another podcast down the line? I’d be a listener!

  13. Hi DM!

    I am 20 years old and I have a history of investing about 2 years. Gonna have some kind of portfolio as you hold. Should I start dividend growth investing and can you give me some advice if starting investing today.

  14. Hi, Dividend Mantra.
    Thanks for the reading list. It is supposed to be rainy & cold this weekend up here in WI, so I’ll have ample time to dive into your suggestions. Have fun at the movie. It has gotten great reviews thus far. Take care.

    Goosemann Jones
    Flight to Dividends Blog

  15. A-G,

    Yeah, the podcasts are fun. I don’t really have enough time to do my own on a regular basis, unless I stopped most of the freelance writing. But they’re fun to do occasionally. It’s a great format, as it can sometimes put a new spin on ideas. Plus, I don’t ever have a script or know questions ahead of time. So it’s just me discussing some of these concepts off the top of my head, which is challenging and unique. 🙂

    I see now why you’re such a huge fan of movies. Gotta love free entertainment like that! 🙂

    Thanks for dropping by. Have a great weekend.

    Cheers.

  16. Agent,

    Oh, nice! I hope it’s a great flick for both of our sake. I’ve never been disappointed with anything that Christopher Nolan has done. 🙂

    Thanks for dropping by. Have a great weekend!!

    Best regards.

  17. Henry,

    No problem at all! Glad to include you. 🙂

    Yeah, I definitely wouldn’t mind doing another podcast. It’s just simply a matter of finding the time. I’m pretty much maxed out right now with the blog and the freelance writing. So maybe if an opportunity comes up in the future I wouldn’t mind at all. I’d actually prefer to maybe do something on video, but that would require some decent video equipment and some editing. But that would be fun.

    Have a great weekend!

    Cheers.

  18. FTD,

    Sorry to hear about the dreary weather up your way. That’s unfortunate. But I suppose that’ll provide for plenty of motivation to read and do some research. So there’s always something to look forward to. 🙂

    Thanks for dropping by. I hope you have an otherwise great weekend!

    Best wishes.

  19. Hi DM, Glad I stumbled onto your blog, lots of great reading! What is your advice for those of us that saved solely in their 401ks, 403bs, and trad. IRAs in regards to retiring early? I’m 40 and after reading your situation I realized 70% of my $$ is tied up in a 403b, 20% in a IRA, 5% in brokerage and 5% cash. I am reading about a SEPP but that is a bit confusing and who picks the “reasonable interest rate” in the sepp equation anyway?

    Thanks and Cheers!

    Rob

  20. latenightrob,

    I’m glad you stumbled upon the blog as well. 🙂

    I wouldn’t want to tackle an SEPP, that’s for sure. I discussed that a while back in regards to why I invest solely in a taxable account. I’ve read some articles around the web that make it sound like the SEPP isn’t that bad, yet I haven’t actually run into anyone that has actually attempted it. Seems like a huge headache to me.

    Have you investigated rolling over your 403(b) into a Roth? You’d have to pay taxes on pre-tax contributions and investment gains, but you’d then have a Roth, which is a lot more flexible. For instance, you can withdraw contributions at any time from a Roth. Not sure how that would work out for your particular situation, but it’s something to consider.

    I don’t have any ideas as to your particulars, but that would be a good place to start doing some serious digging and number crunching. You may also want to consider aggressively funding a taxable account, which could bridge the gap between your early retirement target age (whatever that may be) and 59 1/2, when you can start withdrawing from your traditional retirement accounts, if you planned to leave them as is. You wouldn’t need as much invested as, say, me if you’re not looking to fund a lengthy retirement completely, but rather just get you along until you can access the bulk of your wealth/income.

    So there are a number of ways you could approach your situation.

    I hope that helps a bit!

    Cheers.

  21. Jason,

    Thanks for another shout-out, always appreciated!
    I also didn’t read most of these posts yet, so I’m eager to check them out. Love reading about others’ dividend income and saving rates.

    Speaking of which, just read your income/expense report for October. Kick-ass month! Your online income is quite amazing. Really shows you were born to be a freelance writer. Keep it up!

    Let us know what you thought of Interstellar! It’s supposed to be really good, so I hope you have fun.

    Enjoy your weekend,
    NMW

  22. Jason,

    Just noticed a typo you should fix real quick. Under your Undervalued Dividend Growth Stock of the Week you wrote “…that appears to be substantially overvalued.” Should be undervalued, correct? That is all, love reading your stuff, thanks for all the good info as always 🙂

    -RyanV

  23. Listened to the podcast, and it changed my perspective on the DRIP’s I was going to slowly transition from Motif to my etrade account enabling DRIP’s but you make a very valid point, what if that stocks numbers aren’t lookin that great? What if they are over-bought and a correction looks likely? Gotta put them on the bench, and put in that eager player whose stats might not be the best, but has plenty of room for growth.

    I still think I will be slowly transitioning back to my etrade tho, motif investing will simply act as a buffer until the dividends exceed the commission costs, just in case from a emergency standpoint.

    Have a great weekend!

  24. NMW,

    No problem at all. Glad to include you!

    Appreciate the kind words there. I’m blessed to be able to make a living by following my passion. And not only do I enjoy the writing aspect, but I find a lot more value in being able to spread the word and inspire others to take control of their financial futures.

    I’ll stop back by here to let you know how the movie was. 🙂

    Cheers!

  25. RyanV,

    Thanks for catching that. I switched the article positions before I published this and didn’t fix it. I edited it. 🙂

    Have a great weekend!

    Best regards.

  26. Jason,
    I was interested in your articles about ED and TROW. Tim McAleenan Jr. wrote a positive article about TROW a while back, and I find Tim’s analysis techniques to be very good. Or maybe they are just similar to mine so I like the positive reinforcement. I digress. So, my question for you is did you purchase any TROW shares lately? Or do you hold shares with an eye to purchasing more in the near future? I agree that the valuation looks good now, but I fear that any panic in the market will take stocks like TROW and WETF down even more than the market in general as people pull out of mutual funds and ETFs. If we stay in a bull market both could be big winners (but WETF was a much better buy at $10 last month than it is at the current $15.60).

    As far as ED goes, I purchased ED and SO when I switched from index funds to dividend stocks a couple of years ago. I have subsequently divested all electric utilities because of the low growth rates and high P/E ratios. By my estimation, things like PEP, PG, and JNJ will do much better over the next 10 years, and V, DIS, and SBUX will outperform over a longer term (including ultimately yielding more in annual dividends, although that is a ways off for the high growth-low yield stocks).

    Greetings again from the unshine state,
    KeithX

  27. KeithX,

    I hear you there on the utilities. I’m not a huge fan of utilities at all, in general. There’s a few out there that aren’t bad, but I agree that, in general, there are many better choices in other industries/sectors. The growth potential for many utilities is just extremely limited. Combine a capital-intensive business with a lot of regulation, and I just don’t know if you have the recipe for great long-term returns.

    As far as TROW goes, I had the same initial thought. What happens to their business if the economy turns sour? The article I wrote is just a quick synopsis on the fundamentals, but they actually held up quite well during the financial crisis. I think the odds are quite low we’ll have such another crisis in the next decade, though even if we do, I see no reason why the company will be in danger. Revenue and EPS took a hit during the 2007-2009 period, but not in the kind of manner that threatened the company or the dividend. And they rebounded extremely well from the lows anyhow. I don’t currently have any shares in the company, but I am thinking of initiating a position at some point in the near future. UL is still the top stock on my watch list right now, and I’m still watching AMNF.

    Thanks for dropping by!

    Best regards.

  28. Dividend Mantra,

    I enjoyed the articles that I read on the list. I listed to the podcast. It was long but full of lots of info. Any one who listens to that podcast can tell that you are passionate about dividend growth investing and could talk about it all day long.

  29. Steve,

    Glad you enjoyed the podcast! 🙂

    Yeah, I’ve never used a DRIP. I just find it more effective to combine the dividend income with fresh capital and make purchases from there. It would probably be different if I wasn’t actively buying stocks so regularly.

    Thanks for stopping by. You have a great weekend too.

    Cheers!

  30. IP,

    Haha. My enthusiasm sometimes gets the best of me. I could quite literally talk about this stuff four hours on end. And I’m incredibly thankful that Joshua let me kind of go through some ideas and ramble a bit. It was a lot of fun. 🙂

    Thanks for the support! Enjoy the rest of your weekend.

    Best regards.

  31. I started my own dividend portfolio this summer, it’s still pretty small but I expect to receive around 300EUR ($373) in dividends (after tax) next year from the purchases I’ve made over the last couple of months. The goal is to build up the portfolio on a monthly or quarterly base, depending on how much savings I have available.

    I live in Belgium which is both a disadvantage and an advantage versus the US. One big advantage is that there’s no capital gains tax in my country (might change in the future) but the big disadvantage is that there are few good dividend stocks in my country which means I have to make most of my investments in other countries and this typically means over a third of the dividend goes to governments due to double taxation.

    With the exception of Unilever and Royal Dutch Shell there seem to be very few large European companies that have a long history of increasing their dividend. The US looks more attractive thanks to its large number of dividend aristocrats and champions but I’m getting pretty hesitant to invest in the US right now as the US dollar is getting quite expensive vs the euro.

  32. Thanks for the shout Jason. When i first started to learn about investing I often visit your site for information, and to me its a pretty surreal thing to be mentioned on your site! This is a pretty rad community without a doubt!

    have a great weekend

    Ace

  33. ThomasDV,

    Every portfolio starts somewhere, my friend. The great thing is that you started. The snowball can’t roll unless you gather that initial handful of snow and get rolling. 🙂

    You actually have a nice list of European companies to consider beyond just Shell and Unilever. BHP Billiton, BP, Vodafone, National Grid, Nestle, Diageo, GlaxoSmithKline, and Novartis are just a few off the top of my head. That being said, the US is obviously hard to ignore with so many high-quality blue chip stocks.

    You may want to check out No More Waffle’s blog. I linked to it in the roundup above, and he’s based out of Belgium as well. He just very recently started his own dividend portfolio, so I think you two would have a lot in common! 🙂

    I appreciate you stopping by. Please continue to stay in touch.

    Best wishes!

  34. Ace,

    It’s definitely a pretty fantastic community we have going on here. I don’t know what’s not to like about a group of people all striving to make their dreams come true and mutually inspiring each other in the process. All good stuff!

    Thanks for dropping by. Hope you’re having a great weekend.

    Cheers!

  35. Besides Unilever and Shell I also have a position in GSK. BHP Billiton and Diageo are on my watch list for future purchases.

  36. Hi Jason,
    Not commented for a while, I’ve been spending a great deal of time in thinking and planning mode, the Mrs. and I have gone our seperate ways now, I’ve decided to stay in Bulgaria (Cheapest place to live in Europe) the Mrs. has gone back to UK (One of Europes most expensive places to live)

    I’ve decided to keep the farm house for the moment although its way too much house and land for one person, so might sell it in the furure and get a smaller place. also with no more shoes and handbags to pay for eaxh month I’m back to having a savings rate instead of a capitol destruction rate!! Frugality has now leapt ahead and I appear to be living in the sub 200 USD amount per month, my biggest costs per month are still ciggerettes and petrol but I’m minded to buy a gas car (LPG) next wich will halve my monthly fuel costs.

    Cheers,

    Dave….

  37. as always nice stories to read from everyone.. especially nice how you link all the other people that inspired you and also got dividend checks comming in each month! I’m still a hefty starter just 23 years young but I already found my way up! find lot’s of inspiration in all the different stories everyone got his own way but we all have the same goal!

  38. Jason, Just listened to your hour and a half podcast. It was great hearing your voice and the manner with which you talk and theorize. Now I feel like I “know you” all the more, and likewise could not agree more with your philosophy. I now have 23 of the stocks on your freedom fund and I want to gratefully thank you for doing all the work, studying, analyzing, and the very thought process that I would do if I had the time. Thanks again, Dan

  39. Hey DM,

    Thanks for the summary, really good material to go through over the weekend. And like many people said, listening to the podcast really makes the blog a lot more “personal”. Great Interview!

    Best,
    Dividend Venture

  40. Dave,

    Hey, I’m sorry to hear about you and the Mrs. Maybe it’s for the best, but that’s always unfortunate. I hope that it is indeed for the best and you’re both happy!

    Sounds like you’re taking solace in your frugality, freedom, and flexibility. Life could certainly be a lot worse. I hope that everything else is good. 🙂

    Thanks for dropping by and sharing. Your level of frugality is on another level. I’m hopeful that once the “car payment” is done, the student loans are paid off, and the engagement ring is all accounted for I can get back to some serious savings/frugality. Things are looking up!

    Best wishes.

  41. DDI,

    Glad you found some inspiration here!

    And congrats on starting at only 23. I WISH I would have started at 23. I would probably be really close to financially independent right now, if not already there. But it is what it is. I’ll definitely appreciate the freedom once I have it, especially starting a little late and a little behind.

    Keep up the great work over there! 🙂

    Best wishes.

  42. Jos,

    Glad you enjoyed it!! I was hoping it might provide some value. It was definitely a fun interview, and I was lucky that Joshua asked some great questions. 🙂

    Thanks for stopping by!

    Take care.

  43. Dan,

    Thanks so much. Appreciate you taking the time to listen all the way through it. My enthusiasm can sometimes get the best of me, but I just really enjoy this stuff. Can’t help it. 🙂

    I’d love to do a podcast of my own again someday, but I just have to find the time. I think it’s a great platform that adds value to the written content.

    Thanks again!

    Cheers.

  44. DV,

    Thanks! I always try to include some pretty strong content here. And the podcast was definitely fun to put together. I thought the questions were great, and I’m glad Joshua let me ramble on a bit. It’s a ton of fun for me to talk about this stuff. And I agree it’s more personal than just the written content. It puts a voice and some context behind some of the ideas. 🙂

    Hope you had a great weekend!

    Best regards.

  45. Hi Jason,
    Having only heard of you for the very first time yesterday on the Joshua Sheets’ “Radical Personal Finance” podcast, it was pretty unbelievable to end up sitting next to you at the ‘Interstellar’ movie today!
    As a regular listener of the RPF podcast, I really enjoyed listening to your interview and message so I clicked over to DividendMantra.com after the show to learn more. Having spent some time on your “About Me” page and browsing through your site I knew you were living in Sarasota which just happen to be where I was visiting my brother (I am from the East Coast of Canada).
    When I randomly sat down next you at the AMC theater I immediately thought I recognized you… but what are the chances, I don’t know a soul in Sarasota. Curiosity got the best of me and I had to ask “I know this might sound strange but do you write the Dividend Mantra blog?” I was actually pretty shocked when you said “Yes!” 🙂
    It was a pleasure to meet both you and Claudia. I will be in Sarasota (Gulf Gate) until Thursday and would love to buy you lunch (or coffee) if you have some time next week. I was trying to explain to my brother that for those of us who are actively and aggressively pursuing financial independence, you (the FI bloggers) are the rockstars that we turn to for information as well as inspiration. For me there’s Pete @ Mr. Money Mustache, Jim @ jlcollinsnh, Brandon @ Mad Fientist, Joshua @ Radical Personal Finance… and now Jason @ Dividend Mantra! Keep up the great work. You’re famous. 😉

    Cheers!
    Derek

  46. Derek,

    It was a real surprise! That’s the first time I’ve ever been “recognized” in public like that. I don’t know what the odds are, but they have to be similar to the tiny numbers printed on the back of lottery tickets. 🙂

    I’m glad you stumbled upon the blog. I try my best to create great, interesting, and unique content that’s inspiring not only in the message, but also in the application of it, as I’m living this journey in real time. And I think this (FI) is possible for just about anyone out there that truly wants it. But you have to really want it.

    I’d love to meet up for lunch. I’m long MCD, and I always try to patronize businesses I own a piece of. So we could maybe meet up at McDonald’s sometime this week, if that works for you? I’ll probably have the most time Tuesday or Wednesday. If you want, you can email me and we’ll come up with a good time!

    [email protected]

    Chat soon!

    Cheers.

  47. Jason,

    Thank you for the great reads this last weekend! I’d been looking at TROW recently and really liked your analysis of it, as usual 🙂 I’m about an hour into your podcast and am really enjoying it so far. Your knowledge and passion are really shining through and I’m so jealous that you’re able to answer each question with such ease and pointedness, you’re an excellent story teller. Thanks for entertaining me during LA traffic! Crazy you got recognized from the commenter above, and I have a feeling this is going to be happening to you much more frequently in the coming years. Keep at it!

    Best,
    Ryan

  48. Ryan,

    Glad I was able to keep you entertained during some gnarly LA traffic! 🙂

    Yeah, that was my first “sighting”. I feel like a celebrity. Haha! But I guess that just goes to show the message is getting out there, and it’s hitting real people in the real world. So it makes me feel really good, knowing that I’m changing people’s lives for the better. I’m extremely blessed and grateful.

    Appreciate all the support.

    Best wishes!

  49. Hi all,

    Another question on ARCP. I see a lot class action notifications made by law firms because of the accounting errors. What is your view on joining these actions?

    Philip

  50. Philip,

    I’m not sure how others feel, but I won’t be joining any litigation. Seems like a way to fill lawyers’ pockets to me. I’d rather the company just get back on track, assuming it’s the minor adjustment to AFFO.

    Cheers!

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