that I checked IGR and it said on Yahoo their eps was over $3. Now I see they are losing more than that. Can anyone fill me in on why there was such a flipflop? I'm really interested in IGR for the income since I'm retired. Thanks in advance.
Companies disclose their EPS on a quarterly basis, but many websites only publish the yearly number, so you may have been looking at IGR's last fiscal year's EPS. Best thing is to check their fundamentals on their website.
I don't bother to look at any ratios like EPS on closed end funds. They're not stocks. I'm not sure how Yahoo! pulls this data. I wanted to buy under $11...I had the cash, but chickened out. I don't think this CEF is done being beat up. There will be more bad news in the financial sector later this year (probably this summer) that will push this price back down. I'll buy then, and get the double-digit yield in my Roth. I think a couple decades from now, I'll thank myself.
just my Two cents ...but dont buy based on what you read on Yahoo...go to the source.... link above is IGR's mid year forecast.... they seem optimistic... and I have a lot of trust in the management... if you dont trust management...dont own the stock... they own several if not all of the major global reits.. based on my research... so sit back and get paid while you wait for a turn around... but as I said...it is only my opinion but I am comfortable with the management... I own several thousand shares and would buy more if I had the money....
Good post. The world is not coming to an end. Investors should relax and draw the substantial dividend while waiting for shares to recover. I predict that in 3 or 4 years, we will look back at 11.00 or 12.00 at good entry points.