are you dreaming ??? Yes, no rate hike, but the talk of rate hike already brought down this loser so much.
Instead of $15, this stock will be $5 , by Jan 2016
This interest rate hike is not going to be the last. Once the hike happen in december. 2016 will be a time where a constant talk about interest rate will take place. Where do you think the rate would go ?? No way but up up up.
Yes that is right. This is a ponzi scheme investment. Sonner or later, there is just no capital to cut from. This ETF will be $5 Jan 2016. Get out while you still can
In March, the 2014 1099 said 20% of "so-called" dividend is actually Return of Capital ( ROC ). In August, they revised that to 40%. Wonder what 2015 will bring ! Since REM is just a pass-through entity - which means underlying MReits are eating into their PRINCIPAL to pay us. Anybody has any comments ?
In other word, sure I can take your money , store it under the mattress, and give you 10 % every year. In 10 years your money is gone. But you'll be happy with 10% income. Hah . that's a fraud
when the share price becomes under a dollar, can they still afford giving out hefty dividend ?
Ok if I added the dividend, it might still be positive at the end. But doesn't this sound like ponzi scheme ? that is, slowly giving away the asset base as income, until there are no more asset to give out ?
Sentiment: Strong Sell
REM trades at the net asset value of the underlying shares it holds. That is currently $10.34 per share compared to your $5.00 - $7.00 "nose dive" value.