While the capital raising efforts were viewed by some as a way to provide stability to the company, there was also concern that those benefits could be offset by Thornburg's corporate structure as areal estate investment trust and continued weakness in the mortgage securities market.
Similarly, there is a very real risk that the penalty structure to enforce the employer mandate under Obamacare may have very perverse incentives for firms below 30 workers and 50 workers to stay below these thresholds.
CommonWealth's share price has underperformed the market, a fact analysts attribute to an acquisition spree and to its unusual management structure for real-estate investment trusts.