Hard or impossible to believe, but MarketGrader issued a BUY recommendation on Nov 17th. Estimating a $1.21 earnings for 2008 only dipping to $1.07 for 2009. Page after page of ok research, but the market is telling us something else... Or is the share price just indicative of the mass fund redemptions?
funny thing is that I could throw another 20% position into this today but that would only raise by divie yield from 33% to 38%.
Guess I'm full now and the waiting begins. I'd hate to be in this market without a solid divie paying stock like a preferred issue.
I'm also in BAC and MSFT. BAC's present market cap is $46B. That, my friends, is bullshit. I only regret going long too soon.
....AHR was paying a .31 cent dividend long before the recent crash. The yield is indicative of the overall market sentiment on every stock, not just AHR. When it is indicated they are at high risk, otherwise they wouldn't be paying such a high yield, has zippo to do with high risk! AHR traded down in the $2-$3 region back during the last market downturn about 8 years ago. It will be back up again, and what a fabulous buying opportunity we have now with the yield being above 50%. It will no doubt take a couple years to get this mess straightened out, but getting paid to wait is a no brainer. Picked up another 2700 shares this morning!
I also agree with that.
AHR right now is a great buy -- I have NO intention of selling, only buying.
When the dividend announcement comes out -- watch out. This is not some fly-by company and we have a new administration coming into office in two months. I have absolute confidence in Obama. It may take him a while but I am buying as many "low-priced" dividend stocks as I can right now.
As Buffett says, when there is fear, I'm buying.
The reward will come. Shorts are having fun right now, but longs will be having fun in the near future.
Her's the truth of the matter buying long ANYTHING has been a very high risk. The answer to why is short sellers. They have successfully created a world of fear that, for some reason, can't be overcome. But as the answer of the wise men still stands; "This too shall pass".
Mass fund redemptions? The total volume today was 898.6K with the buys and sells rough;y equal.
This is not a sell off, Mutual fund redemption. This is the MMs taking down the price based upon the trend in the market.
Market Grader is available through my broker and is crap. They just run numbers through some formulas and it spits out a recommendation.
What Market Grader doesn't tell you is everything negative impacting REITS right now - leverage and plummeting asset values.