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CBRE Clarion Global Real Estate Message Board

  • peblgli peblgli Mar 8, 2008 1:04 AM Flag

    jynhui1, what are your thoughts on IGR?

    I saw one of your posts on IGR in the past, and was wondering if you still thought this is a good investment given the current market conditions. I've read some of your posts in ACH board in the past (I should have listened) so your perspective would be highly valued. Thanks!

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    • I would add my comment to this subject:
      At 1.38 in dividends, and a sub 14. share price, the question is whether the price will go up or the dividend will go down. It is the lowest risk play I can find at the moment.

      • 1 Reply to big2mac3
      • Cheap with risk some downside risk.

        Put it this way: this EPS has factored in a 50% cut in div (including $0.115 monthly + $0.8 year end for a yield of 16%),and 100% cut in CG (> $1 in 07). Now that is unlikely, given HK and Australia are still hot, though US and Britain are bad. Rising inflation would cause rental rate to rise. Even with a reduced 8% yield, where would you put your money?

        I am even at this point. The trades since November actually are good. If drops further, will buy more using dry powder accumulated (such as from ACH proceeds).

 
IGR
8.54-0.02(-0.23%)Sep 19 4:02 PMEDT

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