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Novation Companies, Inc. Message Board

  • yando1946 yando1946 Jul 29, 2005 3:23 PM Flag

    Darn--only a 13% return this year

    Darn--only a 13% return this year with the probability of s special next year while other REITS are dropping their divy's.

    The market is truly irrational in the short run. I'll hold what I have--drip away and with my $10k CD coming due buy some more on Tuesday asuming the price stays around where it is at. It sure beats what has happened with my NLY and IMH and I am holding fst there.

    Eventually the spread will expand for those of who hold long and then both share price and divy's will go up. That is the horse I am riding for the next five years or so.

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    • yando

      "Eventually the spread will expand for those of who hold long and then both share price and divy's will go up. That is the horse I am riding for the next five years or so."

      Obviously, interest rates are cyclical, and some credit must be given to the NFI team for so profitably finding their way through this part of the cycle. Not easy. See NLY.

      Spreads will increase, and we will still have historically low interst rates for mortgages. High employment. Demographically driven demand for housing in the long haul.

      It is a major BRAVO !

      aok

      • 1 Reply to aok1903
      • Looks like NFI is extending more
        rope to the shorts from which to hang:

        The company today announced that management does not currently believe a "special" dividend will be required in 2005 to meet REIT eligibility requirements. NovaStar is managing its business in an attempt to align taxable income more closely with long-term economic realities for creating stockholder value. When possible, the company believes, achieving stability in regular dividends will serve our stockholders better than declaring less-predictable special payouts.

    • >I'll hold what I have--drip away and with my $10k CD coming due buy some more on Tuesday asuming the price stays around where it is at. It sure beats what has happened with my NLY and IMH and I am holding fst there.<

      So you would risk living in the street in order to gain major profit here? Interesting.

 
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