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Anthracite Capital, Inc. Message Board

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  • dreedva dreedva Mar 6, 2008 11:11 AM Flag


    I own the preferreds. Obviously at much higher prices, so I find the price decline quite disconcerting. Hard to pull the trigger and buy more at what can only be considered distress sale prices--even with the implied great returns and possible cap gains.

    Sure would be nice to hear some good news. But, alas, it'll probably be some time before that happens. We're all caught in the subprime trap, and the economy in general which can't be great for the commercial REITs. What to do?


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    • I feel the same way. Bought 1k shares at much higher price, but decided today to buy a couple hundred in the 11's. Sometimes you have to just go for it. Lowered my overall price by $2. Think about picking up even just 100 shares. It will lower your average quite a bit. Last september I bought 100 at 13 and sold a few weeks later at 18. There may be a good chance for that to happen again, a pop to 16 is very possible on some good news, and any news other than a catastrophe will be good. I truely believe this company will survive, but the common divy has to be suspect, no matter what the ceo says.

      • 1 Reply to buster0391
      • I agree, mostly.

        The only thing that really matters for us preferred holders is that the company survives. The excellent post Another Look at AHR by bigpopparef encourages us to believe it will. There's gotta be a few survivors in the mortgage REIT business (especially well-managed commerial REITs), don't there??!!

        Still, it's hard to grab at the falling knife. I've got my hands a bit bloody in the past. Averaging down only works IF the company survives. If it does, there'll be some who look like geniuses for buying the preferreds at the current prices.


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