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Novation Companies, Inc. Message Board

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  • yando1946 yando1946 Feb 14, 2005 11:31 AM Flag

    RE:

    Is there any evidence for those who are buying this for income that this is not a good buy???? I wish I had bought at 31 but 33.60 still gives me almost a 17% annual return. Managemnt stated that $5.60 was secure next year with the possiblity of specials.

    The price may be volaile, but it is hard to imagine it going down much more and staying there as long as mangment can maintain a dividend in this range.

    Since I am dripping I am not even that upset if the price does stay down in this range--just more shares next time around. In two years when I retire I will end the drip and hope to see a steady income stream.

    Is ther some risk--yes--but the reward ration si very high and NFI being less than 8% of my portfolio I am very comfortble with this level of risk, counterbalanced by some boring tax free bonds in the 4 to 5% range.

 
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0.312-0.001(-0.32%)Oct 30 11:49 AMEDT

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