I’ve been busy but I’m still here. Since the time of the post asking where I was and today, Crown stock has recovered as expected considering the wider market conditions. As far as Crown debt, most of our loans have a fixed interest rate, the prime rate doesn’t have a great affect so it’s business as usual. Since we won’t be experiencing layoffs like other companies in the tech space, I’d say we’re doing just fine. I know that disappoints the vocal minority who are betting against Crown but I suppose somebody has to be the loser.
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Zero chance of 10k is 100% accurate. So accurate that leadership is stating that they will be counting existing SC with a simple equip upgrade with a $100 net increase in rev as a new node on air. When leadership starts to cook the books you know the foundation is no longer solid. #houseofcards
Crown has no chance of building 10,000 scf in 2023
CCI stock recovered!? This has to be satire! LMAO!! Is this the same Home Depot tool bag of a human that previously compared CCI to the DJIA - stating that stock performance was the best indicator of success?
The current price as of closing 11/14/2022 is $135.11 for a ytd performance of -35.27%
The DJIA is at $22.08 with a ytd performance of -8.77%
Considering wider market conditions? I’ll fill in the people… FTX was doing illegal stuff (they offered tokenized securities at a 1:1 ratio, but had 0 reserves so there’s that information) giving hedge funds access to securities (they didn’t actually own) to short a bunch of securities. Supposedly FTX is responsible for pumping BTC up to 69k along with the other crypto coins. Gary Gensler had multiple meetings with Sam Bankman Fried (head of FTX) to supposedly tell him about loopholes according to Rep Tom Emmer. So maybe we will get a new SEC chairperson in the not too distant future.
It looks like now that the midterms are over, the economy is ready to crash/correct. The excuse will probably be FTX and crypto are unregulated. The people that lost money there have no recourse. Now the government needs to step in and regulate crypto (or at least try to). This is when the government will release the CBDC. Carl Icahn says we are in a recession and the bear market is not over - stating the worst is yet to come.
Be safe everyone. Direct register your shares. Get your assets in your name before it’s too late. If you hold your stuff in the same place as your 401k, then it’s not really yours. There are people out there that will smile and tell you everything is going to be fine as they tuck you into a bed that’s on fire on the edge of a cliff.
"most of our time and money into edge computing and laying the fiber paths to them" I'd be fascinated to know what part of the business you work in because this is not factually accurate. Not to mention the fiber investments have primarily been for small cells and this has been discussed privately both internally and to investors.
“ Tech company” lmao.
If Crown is doing great explain the drastic changes to PTO, Benefits and bonuses? Jay said on recent investor call that ‘23 is going to be a tough year with no growth. These first steps would point towards a cash flow crunch. I would caution against waving your Crown flag to early.
@pnx+1jETFcjX, while we calls ourselves a REIT, we’ve been investing most of our time and efforts towards edge computing and laying fiber paths to them. We haven’t invested heavily in real estate in the true sense of the word. But let’s compare ourselves to other REITs…… we’re doing no worse in that space either so yeah, Crown is doing just fine and I still think we are well managed from a financial and growth perspective.
"Other companies in the tech space".... Well, we're a real estate company but okay.