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CBRE Clarion Global Real Estate Message Board

  • eotruba eotruba Aug 6, 2009 9:10 PM Flag

    Dont ya just love this stock.!!!!

    This stock just keeps creeping along. Since March 9, 09 we have gone from $2.25 up to $6.30 Up $4.05 . Sounds like 200% in 5 mos Im not telling anyone about this stock!!

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    • Nope, this ETF has been a complete disaster for me. I bought in July '08, right before RE and REITs tanked. I held through and saw my investment get crushed 81% at one point and witnessed (understandingly) the monthly dividend get cut from $.115 cents to $.045. Speaking of dividend yield, its actually bogus because about a 1/3 of it is simply return of capital. To top it off, trading volume dwindled away from about a 1M shares a day to something around 300k shares or less, that's terrible.

      Please tell all your friends to purchase IGR and pump that price back up to around $14.00 where my average cost is and then you'll see me sing its praises again. :)

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