CCG Is A House Divided: Net Income And Dividend Yield Can't See Eye To Eye

Campus Crest Communities (NYSE: CCG) has a beautiful name, an optimistic business plan, and a glittery dividend. If you're reading about CCG, you probably know what they do. If so, jump to the next paragraph. CCG provides apartment rental housing near colleges. The basic premise is to provide a standard of living that may be superior to actual dorm life, but still caters to the college and recently post-college crowd. Currently, it appears the focus is on college students, but there is a possibility for expanding. According to some sources, this is a market that has been largely ignored for decades. Specifically, that source was Bill Bayless. He was speaking with CNBC in a video that can be seen here. You know what they say about markets that are ignored by the developers in a capitalist system for multiple decades in a row? Nothing. No one talks about them. That's why... Read more

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