Luna Road LLC's inspection is done and the deal is expected to close on Feb 28th, 2025! In 2019, DallasNews sold their headquarters for 22.5 million, 3 years later, shareholders received an 8 million special dividend, roughly 1/3rd. A third of the 40 million sale would be a 13.3 million special dividend. Split among 5 million shares outstanding gives $2.7 in dividends per share (42% yield). What is your confidence level for the potential special dividend in terms of either the proportion (greater than a third) and timing (couple months instead of 3 years), in order to reach your $3-$5 estimate?
I heard about DALN on https://www.obscurestocks.com/ I was requoting their write up on DALN. I have not really looked that deeply into DALN just through their write ups. I think they just put it behind a pay wall. Last time i looked at it, it was free.
Hi Favona, thanks for the post, enjoyed the read!
Luna Road LLC's inspection is done and the deal is expected to close on Feb 28th, 2025! In 2019, DallasNews sold their headquarters for 22.5 million, 3 years later, shareholders received an 8 million special dividend, roughly 1/3rd. A third of the 40 million sale would be a 13.3 million special dividend. Split among 5 million shares outstanding gives $2.7 in dividends per share (42% yield). What is your confidence level for the potential special dividend in terms of either the proportion (greater than a third) and timing (couple months instead of 3 years), in order to reach your $3-$5 estimate?
I heard about DALN on https://www.obscurestocks.com/ I was requoting their write up on DALN. I have not really looked that deeply into DALN just through their write ups. I think they just put it behind a pay wall. Last time i looked at it, it was free.
Cheers.
Yes I noticed it just became pay-walled as well (thought my substack was glitching) 🥲, was hoping to discuss about it
In the future i plan to educate myself futher on workouts and such. So in the future we can talk. :) Cheers