A little nostalgia for RNP holders and watchers...
"I feel RNP will be in the high $20's by year end 2008!" -alta10bc on 26-Dec-07
"Good luck and I'm sure the money invested in RNP will do better than owning an apartment and renting it out, not to mention less work." -ezmoney8 on 27-Dec-07
"RNP is WELL diversified and whose price will recover." -jc143719 on 28-Dec-07
"i stand by my previous call of RNP @ $21.90 ish by Jan 31st!" - scurpapa on 1-Jan-08
"The current issue of Barron's indicates RNP is selling at a discount of 12.6%. That tells me RNP's price is a bargain, and today's price will result in a 12-month yield in the high teens." -marvin339 on 1-Jan-08
"Cohen and Steers has never cut a closed end fund dividend." -mysonchino on 6-Jan-08
"If you look at the top ten holdings, you will see that there is a heavy concentration in healthcare, office, apartment, and diversified REITs. My vote says these are as safe as you get in this economy (with the exception of under the mattress)." -codehead321 on 22-Jan-08
Actually, I still stand by my comments. REITs in healthcare, office buildings, apartments, etc. are still pretty safe. Of course their stock prices are not immune to the action of the stock market. But their actually businesses are still doing well. Now if the economy continues to go down, then all bets are off and it is mattress time!!!
Oops, just read a release from some brokerage firm that says Commercial R.E. is going down in 2009. So, all bets are off. But I still think if you are going to be in the market, a diversified REIT portfolio invested in low leveraged REITs is a pretty good way to go. If anyone has better idea, please share.