My thought is at anything under $12.00. Still hold about 2000 shares, sold 1500 at $16.65, should have sold all! My cost average is $11.07 and I collected the distributions for years so still feel OK. It is paying about 8.5 % at today's prices and I do think on the long term we will see a share price upside. Any thought appreciated. Good investing to all!
You probably know what I am going to say - it's still a long way from the bottom. I expected 11-12 at the year's end. To be honest, I was thinking more of the NAV, which today is still sitting above 13.50. At present it is trading at a steep 12% discount - which certainly looks attractive - but ... the NAV is still falling, and the discount is still growing.
I still believe the NAV is going to 11-12 but I think the discount will begin narrowing. For buying, I'd look for a discount that has closed to 7.5%. If my year end range is correct (Big If) that means something like 10.20-11 bucks.
I'm still out - but have to admit things are getting close to attractive. Have been sitting in cash - earning nothing and feeling good about it. Will probably wait for a while yet.
I appreciate your thoughts and am now thinking cash is OK., wiat and see! I get these for the distributions in our Roths. Might want to see GABUX. . Been very good so far. Perhaps less risk over the long term. Best to YA.