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Civil_Ad_7068 t1_j2c1vg1 wrote

They have almost 30 bil in debt compared to 7 bil in equity, are a real estate investment firm, and interest rates are projected to stay high/keep increasing which will both decrease their profitability and could increase their cost of debt.

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yerdad99 t1_j2c2cj2 wrote

Agree with you. Business is going to deteriorate for these folks over the next year for sure given the end markets they serve. That dividend looks nice and juicy but doubt that will be maintained

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