IMO the reinstatement of the divy has stabilized pps which was one of the goals of the reinstatement. would be much greater selling pressure on nct shares in the current market environment without nct paying a divy. good timing by management.
It really looks like the stockprice is anticipating on a announcement of the board like the dividend-level.
I hope this announcesment comes ultimately sept. 20th bacause
of specific personal trade reasons.
It's nothing the last 2 weeks, bút nevertheless the stockprice does not loose related to the market.
IMO if divy not increased by at least 5c it is an indication that the current widening of credit spreads and overall developing problems with the global economy are adversely effecting nct...will be surprised if book value increases for 3q and may decrease while net interest income(NII)should increase substantially.
Like others, I am expecting a divy announcement before the end of September.
Unil the divy announcement, nct pps is clearly at the mercy of Euro debt mess...
Other REITS in similar space have announced dividend cuts the past 2 days. IVR went from .97 to .80 and CYS went from .60 to .55. Granted the businesses are not exactly the same but the trend is there. Expecting AGNC to announce this week with NO dividend cut ($1.40) and NLY soon, again with steady dividend. These 2 companies weathered the 2008 meltdown unaffected.
Yes but what happens if they yank the dividend again? Is there any chance of that happening? If the answer is no, then this stock is indeed a screaming buy. I was turned on to it today and am presently looking in to it. Any help is appreciated. Thanks.
fun--agree per also looking for 5c increase and if no increase or less tha 5c means Euro mess causing nct problems and/or will be a problem.
If going to increase divy, the sooner announced the better to stem the pps weakness imo..
At a historical 8% return, a 60c annual divy results in a pps of 7.50...
note that current pps yielding 8%
Look at the stockprice today and this week for NCT.
STRONG! related to other REIT's.
Iam an European and it is almost unbelievable what is happening in the eurozone. The cooperation between the euro-countries look s like to worsen.
The Economist says today a chance of 40% for collapsing the euro.
I stepped in NCT because as European investor i have faced for myself that US-stock performances are (much) better the last 3 years.
I think i will buy some extra NCT-shares next week because i have trust in this company. Furthermore i think that Dow can decline further with 1000 points or more and thén it will recover, but earliest beginning of 2012.
Oh I absolutely agree with you on oil. High oil prices were the spark back in 2007 that started one hell of a fire. We are seeing it again now. The past 6 months have had high oil prices and look where we are now. There are always other factors, but oil prices are one of the few consistant ones. Inconsistant oil prices are the cause for poor consumer sentiment along with the volatile markets, but the two go hand in hand. NCT is where it's at and patience will prevail.
I'm long too. I guess Sander is overly pessimistic possibly. Although, adding more shares at this price is almost unresistable. I'll be adding a few more this week coming up. Before this little minnie crash we had, I recall so many people saying stocks were over priced (analysts and other types with a couple of cents). Maybe, just maybe, value investment will take hold and NCT will be a prime option for investors. Who the h knows. We'll see, hopefully within a month or two.