Cohen & Steers Quality Income Realty Fund Inc. Message Board
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Time to buy
there is now officially blood on the streets in this CEF
Some of its holding are even up today-
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Before they "go away", they'll have to return to me my prorata share of all the REITS they own, which will realize the 15% discount to NAV.
They're underperforming because of leverage and allocation. Leverage is being cut in half with the preferred share redemption.
But many of the holdings held up fine today, anytime you get a diversified real estate fund down 20% intraday with volume 9x normal, the risk-return starts looking attractive on the long side.
All the people who bought this without even knowing what a closed-end fund is and how they tend to react in times of stress can go ahead and panic and sell it even lower for all I care. Even if real-estate drops another 20%, relative to this price there will remain fundamental value to eventually bring back the NAV.
This isn't some closed-end fund stuffed with toxic CMOS and CDOS like RMA.- 2 Replies to what_iss_man
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You should be able to pick up more shares at well under 5 next week. I guess that is why Merrill says sell. Good luck
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Is the "Mark to Market" rule having a negative effect on RQI? If so, might not the lifting of this rule, which is being considered in DC, be a strong + for the stock price?
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You might not want to buy. It was just a little over 5.00 from going away today. This one may be done.
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