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LMP Real Estate Income Fund Inc Message Board

  • patience_all patience_all Nov 11, 2008 10:23 AM Flag

    How low can it go? Will divi be cut?

    The next twenty four months is going to be brutal for real estate and the economy. For people who lived through the Great Depression it will feel like the past has returned.

    The sad fact is that the people who brought us to this cliff and pushed us over are being rewarded by government bailouts and the victims are being ignored.

    I fully expect a huge slash in the dividend will be announced at the next release. Watch for a huge drop in the share price.

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    • Well, I thought it could have been worse. I think the stock price should go up from here based on the new divident rate. The stock price could double from here and the return with the new divident would yield around 10%. Not too shabby considering everything else going on. Any other thoughts in what the future might hold for RIT?

      • 1 Reply to vecch
      • Did you review the PR closely? A significant portion of the January and February 09 dividend is anticiptate to be a return of capital. If only 24.29% of the FYE 08 dividends were estimated to come from investment income that's only 55 cents of the $2.28. Not sure there is any short and long term gains left to get the 55 up to 96 cents.

    • The people who brought us to the cliff is the government. The people who are suffering (those who borrowed wisely and bought homes they can afford) will be raped to bail out those who overspent and overlent.

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