I continue to believe this stock is undervalued. Dividend in 2007-8 was at the rate of .20/qtr and the stock was valued in the 20's and now the dividend is .30 and the stock is in the 15's. The dividend has not been reduced in the ensuing 5 years (unlike many REITS and BDC's). This is a buy in my mind. Any comments or contrary views? Thanks for your knowledge.
Check again. It was 20c/mo, now it's 30c/qtr. There is no such thing as a persistently undervalued fund. If a fund is selling at a chronic discuont there's a reason knowledgable investors are avoiding it. Your bet is that you know more than knowledgeable, and often professional, investors - good luck.
David-Thanks for the thoughtful correction. Guess my age is showing (brain farts). You have caused me to rethink and while I think I will continue to hold, I believe the stock will go up only based on an increase in the dividend or material changes in CRE worldwide. Again thanks.