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Neuberger Berman Real Estate Se Message Board

  • dwoods4q dwoods4q Apr 9, 2013 12:55 PM Flag


    Is go up and make me money, I wish I couild say that about all my investments/speculations.. I have been looking for excuse to sell since last post [sold 1k @ 4.98 ] and the pps has risen over 6% plus it paid a dividend since. Guess I will just keep a core. I have sold off some 8.5k shares over the last year and am with the proverbial house money. I am not well versed in reits and bought this after Lehmans imploded, it was to cheap and well run to pass up @+_-$ Any ideas suggestions, opinions

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    • Hey Dwoods,
      NRO has been spitting out 2 cents since the dark days of 2009. This is not a Mortgage Reit. It is a Real Estate Reit. That may sound redundant, but it is not. I feel it is the baby in the bathwater, getting thrown out with all other Reits.
      I was averaged in pretty low and sold around $2 to bet on a sure thing penny stock. Well, lets say after a 25K loss on that venture, I have finally been able to recover enough skin to get back into the game. Technically it's not all lost, I still have over 15K in debentures which of course the company can't cover. Just waiting for the dismantling and bankruptcy process so I can claim my losses on my taxes.
      Anyway I havce started to dabble back into NRO and am thrilled to get in below $5. I do need to review their top holdings again. I know they were heavy into the Healthcare Property Reits and Tanger Properties, which last I looked has boosted its dividend 10% over the past two years. (.20 vs .22)
      Aside from my rambling, here's a suggestion. Try a short fund on Treasuries. I have done ok the past 2 weeks in PST and TBF.
      And I just realized your post is from Apr 9th. You still out there Dwoods?

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