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ATAX - America First Multifamily Investors

Can anybody give me an opinion on this?  How can they sustain a 50-cent dividend when their earnings for the past five years are waaaaay less than that?  

It looks like a giant Ponzi scheme to me.  

82 > 87
Simple math.

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Factset says they have been net cash flow positive the past few years. Are you looking at the right earnings? 

i saw it. he is right, the free cash flow as well as their net income is much smaller than their dividends.

I love my cheese. I got to have my cheddar.

rawraw wrote:

Factset says they have been net cash flow positive the past few years. Are you looking at the right earnings? 

Supported significantly by issuance of equity & debt from the quick peak i saw

'A flute with no holes, is not a flute. And a donut with no hole, is a danish'

Yayyywork wrote:

rawraw wrote:

Factset says they have been net cash flow positive the past few years. Are you looking at the right earnings? 

Supported significantly by issuance of equity & debt from the quick peak i saw

Yea, that seemed to be the case