One common theme of my posts here at the Special Situation Investing News, has been that REITs and MLPs are extremely cheap. Today I am going to revisit an investment idea that I have written about here several times. Including back in June: Mr. Market Hates Uncertainty, But Investors Can Profit From It https://specialsituationnews.whotrades.com/blog/43... and more recently at the end of August: How to Buy Filet Mignon at Beef Jerky Prices https://specialsituationnews.whotrades.com/blog/43... I have written in the past that I believed that the reinstitution of a dividend at this once troubled REIT might be the catalyst that would cause Mr. Market to realize how truly undervalued it was. Well, the company announced on August 5th that it will once again begin paying a dividend, $0.1375 per quarter or $0.55 annually to be exact, putting its current yield at around 6.9%. One would think that the removal of uncertainty about what the distribution would be as well as the alleviation of the general disdain that REIT investors naturally have for REITs that don't pay distributions would have created some positive momentum for the stock. Alas, Mr. Market yawned at this news. If anything, even though the company has an extremely well-regarded new management team in place that has a history of turning around broken companies, has culled a number of unwanted assets from its portfolio and reestablished a dividend, shares of VEREIT are actually down more than 6% past three months. A three-month chart of $VER (blue) vs. the S&P 500 (red) (click to enlarge) This morning I came across an excellent article about VEREIT by well-known REIT author Brad Thomas that lists a number of potential catalysts that may cause this battered stock to finally start heading higher. Summary Tipping Point 1: Portfolio Pruning. Tipping Point 2: Investment Grade Rating. Tipping Point 3: Monetize Cole. Tipping Point 4: Safe Dividend. What Is The Tipping Point For VEREIT? http://seekingalpha.com/article/3507936-what-is-th... Of the points that Brad mentioned, I personally believe that one and two are very closely related and could have the biggest impact on the stock. Many conservative investors are scared off by VEREIT's high level of debt. If the company's new management team, headed by turnaround specialist Glenn Rufrano, is able to sell off many of its less desirable assets and use the proceeds to pay down debt not only will the company have the potential to be more profitable in the future by improving its credit rating, in turn lowering its borrowing costs but it should be afforded a higher multiple by investors for its new, lower risk profile. I personally have owned $VER since its implosion last fall and I have continued to add to my position on the recent weakness. I strongly believe that investors who purchase shares today will be handsomely rewarded over the next several years. And now for the rest of the Special Situation Investing News: Spinoffs Shire Weighing Options to Sweeten All-Stock Offer for Baxter Spinoff Baxala http://www.nasdaq.com/article/shire-weighing-optio... U.S. oil producers thirsty for cash eye wastewater unit spin-offs http://www.emtv.com.pg/article.aspx?slug=U-S-oil-p... $MGM Resorts International: It’s Not Just REIT Potential http://blogs.barrons.com/stockstowatchtoday/2015/0... $MGM Resorts: You Don’t Need a REIT to Tell a Good Story http://blogs.barrons.com/stockstowatchtoday/2015/0... Madison Square Board OKs Spin-Off Of Sports And Entertainment Businesses http://www.nasdaq.com/article/madison-square-board... Interesting section on Gannett #spinoff Tenga $TNGA. A Fund Manager Sticks With Mattel for the Long Haul http://www.barrons.com/articles/a-fund-manager-sti... Supervalu Works to Deliver Value for Investors http://www.barrons.com/articles/supervalu-works-to... . SPACs: Bill Ackman Comments On Former SPAC Nomad Foods Ltd. http://www.gurufocus.com/news/360517/bill-ackman-c... TPG blank check company Pace Holdings prices $400 million IPO at $10 per unit http://www.nasdaq.com/article/tpg-blank-check-comp... ROIQ Warrants Possible 100% Upside In 2 Months With This Special Situation Opportunity http://seekingalpha.com/article/3505376-roiq-warra... Hennessy Capital Acquisition Corp. II Common Stock and Warrants to Commence Trading Separately on 9/11/15 http://www.nasdaq.com/press-release/hennessy-capit... . Merger Arb: GE emerges as key player in Halliburton buyout deal http://nypost.com/2015/09/11/ge-emerges-as-key-pla... Blackstone Group planning bid for ATM-maker http://nypost.com/2015/09/11/blackstone-group-plan... $NCR Is Said to Resume Attempt to Sell Itself http://www.nytimes.com/2015/09/12/business/dealboo... Mylan takes buyout offer for Perrigo directly to shareholders http://www.marketwatch.com/story/mylan-takes-buyou... Spectra Energy Exits Auction For Williams, Leaving Energy Transfer Equity The Only Serious Bidder http://seekingalpha.com/article/3506276-spectra-en... . Tender Offers: DOW: Odd Lot Arbitrage Opportunity With $400+ Upside http://seekingalpha.com/instablog/40114996-chamele... Nathan's $NATH up nearly 10% on Tender Offer to Repurchase up to 500,000 Shares of its Outstanding Common Stock http://finance.yahoo.com/news/nathans-famous-comme... . Activist Investors: Pershing Square's Ackman tells CNBC Mondelez could be takeover target http://www.reuters.com/article/2015/09/11/investin... Barron's 13D: Starboard Examines MedAssets, Trian Wants Seat at Pentair http://www.barrons.com/articles/starboard-examines... Activist Investing Daily: Buying For A Discount http://seekingalpha.com/article/3506816-activist-i... . Investment Write-Ups: $ENSG #spinoff CareTrust REIT Has All Of The Ingredients For Something Special $CTRE http://seekingalpha.com/article/3507846-caretrust-... VEREIT: Should You Buy This REIT At $8? http://seekingalpha.com/article/3507076-vereit-sho... Could you imagine what this would do to $YHOO? Alibaba: Why It Could Fall 50% Further. http://www.barrons.com/articles/alibaba-why-it-cou... . Other Investing News: Value Stocks Look Poised to Outperform the Market http://www.barrons.com/articles/value-stocks-look-... Kroger’s ‘Vindication’ Sends Stock Soaring http://blogs.wsj.com/moneybeat/2015/09/11/krogers-... Yahoo 'SOTP' Shenanigans http://seekingalpha.com/article/3505486-yahoo-sotp... How Jeffrey Immelt Is Staking His Legacy on Alstom http://www.nytimes.com/2015/09/12/business/dealboo... It's Time To Be A Greedy REIT Investor http://www.forbes.com/sites/bradthomas/2015/09/14/... Canadian Buffett's Tembec Wager Shadowed by Bond Default Bets http://www.bloomberg.com/news/articles/2015-09-14/... Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond http://www.bloomberg.com/news/articles/2015-09-14/... . Economics: Which Fed Leaders Fear Inflation? Look at When They Grew Up http://www.nytimes.com/2015/09/14/upshot/which-fed... . Thanks for reading. If you liked the article (or even if you didn't but are just feeling particularly generous), please give it a thumbs up or comment below. Comments and recommendations are how I keep tabs on how many people read and enjoy my work, so please do so...it only takes a second. Also, if you haven't already, make sure to click on the link at the top of the page to join this new special situation investing community. Doing so will enable you to receive notification when new articles are published here and to share your own ideas. 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