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Neuberger Berman Real Estate Se Message Board

  • llllorac llllorac May 19, 2009 8:22 PM Flag


    last week when I was warning that the stock would not be trading at a premium to NAV for long (and for my effort being referred to as a retard)...there was a mispricing of the stock due to the "stupidity" of the buyers who believed the 20% plus dividend was somehow the jewel of the nile....I pointed out that on the Neuberger Berman site it was possible to figure out that the dividend payment was not sustainable and also suggested that their was a tie in to the NAV redemption option, but assumed that people who invest money know about such retarded as I am....well hunny, the horses are out of the barn right now , but there may still be arbitrage between now and the last date you can buy the stock and get the redemtion deal, whenever that is or was,,,at this point it is irrelevant..there was a brief moment of opportunity last week, I tried to allert people on the site about it and was called a the discount to NAV widen after the window is closed....remember, if you elect to have shares redeemed, you don't know what number they will accept nor what the price will be...if you are a longer term investor, hang on to NRO, I believe the stock is likely to allot higher a couple of years from now... if you are a trader, my guess is that the stock will trade below $1.50 before heading last post to this site...but wish you all well......

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