I have gotten massacred in this puppy. So take what I say for what it is worth.I sold 1/2 my position at 12, the another 1/4 below 12.I then sat on my hands, promising myself to wait for 3 and if I missed a rally I missed it.I put everything back on today at 2.84. Yeah babyonly time will tell, I am either brilliant and patient or a fool
sky is the limit very soon once the real estate dust settle down this will go all the way to $ 21.16 . Jay Swaminarayan .
Something to ponder:IGR is a pool of REIT's. It is widely diversified across country, type and currency.Current distribution = .045/mo or .54/yearthat is .54/3 a yield of 18%now lets play devils advocate, cut the dividend by 75%distribution then = .045x.25x12 = .135/yearthat is a .135/3 a yield of 4.5%That beats any money market, with a capital gains kicker in a worst case scenario in my opinionagain there are risk, please do your own researchbut think it through