ARMOUR Residential REIT, Inc. Message Board
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Armour Fair Value $5.85 a share
Looks like a big correction coming soon. Next divi cut will pound this down further.
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Reported Book value of ARR is $7.91 per share. It is trading lower than book value. what is fair value based on?
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squeal shorty squeal
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I agree but I think the fair value is closer to $5.50.
- 2 Replies to chow_ming_foo
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Can either of you provide info/data/math as to how you arrived with these figures?
I will gladly improve my cost basis and am OK with a reduction in the dividend. Please note that the dividend isn't getting "cut" as was suggested...they pay 90% of earnings so they pay out what they earn. In this environment, I will take 8-14% yield anyday. Over the long run, buying when things get ugly (now and potentially for the next year) has yielded excellent returns.
Buy when there's blood in the streets.Sentiment: Buy
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squeal shorty squeal
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