Edited by ogm, 27 July 2007 - 10:25 AM.
Opportunites ?
Started by
ogm
, Jul 27 2007 10:24 AM
2 replies to this topic
#1
ogm
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- Traders-Talk User
- 13,780 posts
Member
Posted 27 July 2007 - 10:24 AM
I think there are some real opportunities out there. The income payers sold off big time. Trading at good discounts to NAV.
Just picked up RNP.... yeah, I know I know, its REIT/Prefered securities fund. I heard the rumor that real estate is crashing.
But its paying 9.5% income ! And trading at 10% discount to NAV. Well, screw NAV, maybe real estate is getting repriced. But you can't beat the income.
After dropping like a rock over the past 2 month, from 30 to 24, I think this looks like a decent deal. Yes, at 30 the income wasn't that great. But now, hard to beat.
Yes, this isn't short term momo trading stuff. But I think this is where the good opportunities are.
#2
NAV
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- Traders-Talk User
- 16,087 posts
Member
Posted 27 July 2007 - 10:27 AM
I think there are some real opportunities out there. The income payers sold off big time. Trading at good discounts to NAV.
Just picked up RNP.... yeah, I know I know, its REIT/Prefered securities fund. I heard the rumor that real estate is crashing.
But its paying 9.5% income ! And trading at 10% discount to NAV. Well, screw NAV, maybe real estate is getting repriced. But you can't beat the income.
After dropping like a rock over the past 2 month, from 30 to 24, I think this looks like a decent deal. Yes, at 30 the income wasn't that great. But now, hard to beat.
Yes, this isn't short term momo trading stuff. But I think this is where the good opportunities are.
Screw me ?
Edited by NAV, 27 July 2007 - 10:27 AM.
#3
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 27 July 2007 - 10:34 AM
I think there are some real opportunities out there. The income payers sold off big time. Trading at good discounts to NAV.
Just picked up RNP.... yeah, I know I know, its REIT/Prefered securities fund. I heard the rumor that real estate is crashing.
But its paying 9.5% income ! And trading at 10% discount to NAV. Well, screw NAV, maybe real estate is getting repriced. But you can't beat the income.
After dropping like a rock over the past 2 month, from 30 to 24, I think this looks like a decent deal. Yes, at 30 the income wasn't that great. But now, hard to beat.
Yes, this isn't short term momo trading stuff. But I think this is where the good opportunities are.
Screw me ?
