Student of Value

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Student of Value
Update: FairPlay ($6F3:BU) and Yuri Gagarin ($4PX:BU)

Update: FairPlay ($6F3:BU) and Yuri Gagarin ($4PX:BU)

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Student
Jan 29, 2013
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Student of Value
Student of Value
Update: FairPlay ($6F3:BU) and Yuri Gagarin ($4PX:BU)
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First a disappointment, FairPlay, the REIT I wrote about, posted lower-than-expected distributable income for the year - BGN 1.9m against a December forecast of 2.45m and a May forecast of 3.7m.  Being off by 50% midyear and by 25% with 15 days to go is a yellow flag for management, in my book.  I don't like rosy forecasts.  I've always found "under-pro…

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