Absolutely Not! This is one of the most speculative bubbles in the market, period.
Excess leverage, commercial real estate, and closed financial markets are what will soon put NRO in a death spiral.
Call Tony Maltize yourself and you will hear the rah, rah about them being in health care, etc. but if you dig into the facts, we are just 10-15% away from de-leveraging based upon the NAV.
This could happen in a day or two and why take the chance? So you can pay tax on another .153 / month?
I have been in the market all of my adult life and I listen to Warren Buffet who said today this is "Economic Pearl Harbor".
What makes you think LEVERAGED CEF's are not at risk? What does the word leverage mean? It means borrowing money to invest at a higher level someplace else.
Im a big stock market guy, but I would not buy NRO here.
If you want a winner, buy some WB at $3.75 and watch the shareholders vote down the merger w/ Citi in the next few months. This now has limited downside and upside to $15-$20 per share....many good things could happen with WB at these levels.
I wish you all the best, but I would be very careful w/ NRO.
None of this matters since there is a prefered that gets de-leveraged when the equity reaches 50%.
Don't wine and say you were not warned about this. This stock should not be part of your safe money.
Safe money needs to be in T Bill or Treasuries.
Dont be fooled by the high divvy b/c none of that matters when the patty wagon comes to town.
Definatly a buyer here.in the next week or 2 this will be over 8, jp morgan will be over 50 and GE back over 25.this is the greatest buying opportunity in decades dont let fear mongers and shorts get you to throw away your shares.
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Honestly at these prices the dividend could go as low as $.07/mo and you would be doing very good.
You can pick these shares up at a discount that appears to be large by the funds historical norm. So one might get a pop over time as the discount closes to what seems like a more normal level.