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	Podcast:		Yet Another Value Podcast
	Episode:		Rich Howe thinks NXDT could be the next NXRT
	Category:		Business
	Duration:		01:00:49
	Publish Date:		2022-02-03 15:00:00
	Description:		Rich Howe, founder of stock spinoff investing, walks through the bull case for NXDT. NXDT is a closed end fund trading at a huge discount to NAV; the fund is planning to transition to a REIT and Rich thinks that makes the stock very catalyst rich. A related company, NXRT, pursued a similar move ~6 years ago and their stock has gone up ~6x since. You can find all my writings here: https://yetanothervalueblog.substack.com/ My thread on NXDT: https://twitter.com/AndrewRangeley/status/1488504533709991943?s=20&t=1i5ngJavxgKCHeNtsTWz1A Rich's twitter: https://twitter.com/stockspinoffss Stock Spinoff Investing: https://stockspinoffinvesting.com/premium/ Chapters 0:00 Intro 1:40 NXDT overview 6:55 Insider buying 9:45 NXRT parallels 12:00 NXDT's discount to NAV 13:10 NXDT's level 3 assets and their valuation 16:45 Vinebrook homes, one of NXDT's holdings 24:30 Why has NXDT's NAV discount widened? 27:10 NXDT investing into controlled entities 31:30 What is NXDT's post-REIT strategy? 34:30 Why is it taking so long to switch to a REIT? 37:50 Will NXDT buyback shares? 40:00 NXDT's fees 43:30 Post-REIT dividend policy 47:55 Closing NXDT thoughts 50:00 Rich's favorite recent spin: JXN 55:00 BHC: the spin Rich is looking forward to the most
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