Market down, CXS up. CEO comments, big discount to book value, increase in dividend, huge inside ownership, all speak to this stock being too cheap. Looks like the market it starting to come on board. When the dividend stabilizes at $1.20, lots of folks will wish that they bought this below $9. Hopefully, governments won't ruin the market for commercial real estate.
Like Wayne Gretsky said, "You don't skate to the puck, you skate to where the puck is going to be." You make your money when you buy a stock, not when you sell it. So true. I just love stocks that allow you to win two ways. Longs are winning big here.