Neuberger Berman Real Estate Securities Income Fund Inc. Message Board
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Meltdown
NRO taking a heavy hit today.First half hour down 62 cents on 150,000 shares traded.
Is this the beginning of the end of NRO or will NRO survive?-
Are your kidding? NRO will survive. Much of this selling is people getting caught up in the emotion of things. This will pass. I own 1000 shares which I bought at $14. I have automatic dividend reinvestment so while it is not pretty it is getting me something. I think we are looking at two years before NRO recovers.
- 3 Replies to 1spc
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agree. But I wish the blooding can stop now. It is just too much lost.
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Isn't it good for the share price to be low? With lower prices, our reinvested dividends will buy more. And the dividends have already been announced for the next three months...
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Maybe a meltdown in perception that allows institutions to basically steal your shares during panics that they help create. NRO’s NAV is actually up over 1.8% right now to about $8.42. Failed auctions mean nothing since the 1-Month Libor rate is low enough to keep costs below 4%, which is better than they were in the first half of the year.
1-Month Libor 2.46%:
http://www.bloomberg.com/markets/rates/index.html
FTSE NAREIT-EQUITY Index:
http://finance.yahoo.com/q?s=%5EFNER
Guess what? Institutions want your declared August and September dividends because a 20%+ annualized guaranteed payment is easy money. Even more attractive if they can find a way to acquire them at a huge discount.
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off over 8% already and no end in sight way worse than the financials as a whole. Unbeliebable.
- 1 Reply to hasselmeyer
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sold out yesterday,monday. after taking a 20%lose. will be buying back in somewhere around the bottom if they will ring that bell when the bottom hits.
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