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
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.