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Neuberger Berman Real Estate Se Message Board

  • jlp8888@bellsouth.net jlp8888 Oct 2, 2009 6:02 PM Flag

    Net Asset Value: 2.99

    Net Asset Value: 2.99
    Trade Time: Oct 2
    Change: 0.02 (0.66%

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    • Discount 7.4%

      Waiting for the premium bump caused by the Tender Offer. Maybe it will not come.

      10/02 close 2.77 Nav 2.99 Disc 7.4%
      10/01 close 2.83 Nav 3.01 Disc 6.0%
      9/30 close 2.89 Nav 3.09 Disc 6.5%
      9/29 close 2.95 Nav 3.11 Disc 5.1%
      9/28 close 2.92 Nav 3.15 Disc 7.3%
      --------------
      9/25 close 2.88 Nav 3.04 Disc 4.6%
      9/24 close 2.82 Nav 3.02 Disc 6.6%
      9/23 close 2.92 Nav 3.10 Disc 5.8%
      9/22 close 2.98 Nav 3.19 Disc 6.6%
      9/21 close 2.92 Nav 3.11 Disc 6.1%

      • 1 Reply to msburko
      • Infortunately Mitch, I think NRO sp has sort of stabalized while the NAV has fallen.

        Any bump from the tender offer is kepping NRO flat instead of just tanking.

        During the last tender offer, I think NAV was still climbing so the bump from the tender was very positive.

        I am currently working like crazy to come up with some powder, as I think that NRO is in for a bit of a fall after the tender is over.

        I am still very confident in NRO's holdings and their ability to weather further degredation in the commercial market.

 
NRO
5.05-0.02(-0.39%)May 22 4:04 PMEDT