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NorthStar Realty Finance Corp. Message Board

  • barbkel1 barbkel1 May 29, 2013 10:19 AM Flag

    Where do you think the bottom is?

    I want to buy more. I did not think it would go down this far. But now I just have no idea how low it could go.
    I think they will keep increasing the div.


    Sentiment: Buy

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    • I have no clue what the bottom will turn out to be, however, I do believe in giving credit where credit is due. The "dividend Monkey" got all kinds of grief when he wrote that NRF would see a floor at around 9 and his words are looking pretty prescient at this point. I was one of the optimists and bought 5000 shares at $9.30 and I wish I'd waited a week. Long term I am not worried at all as I am certain to make it all back in dividends and hopefully capital gains to boot but this precipitous drop has certainly caught me by surprise. GLL


      Sentiment: Buy

      • 2 Replies to kenpalley2000
      • I also belive in credit where credit is due. Dividend Monkey only revised after calling the stock a house of cards, using 3 year old data in a pure hit piece. He is a manipulator and hopefully his article is getting the attention of the SEC. Any call for a bottom is speculation. This is a strong company, this is an over 10% pull back from a high. IMO it is now time to add more shares if you wish. Why?
        If you believe the company to be well run, a 10% pull back is historically a good time to accumulate. Even if we see 20 before it goes back up. Picking the absolute bottom guarentees a miss every time.

      • floor? 9?

        I think you need to look up the definition of the word prescient.

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