Why did you think the dividends would be cut? Just curious.
Anyway, even if they were cut to the 'old' rate of 10cents, that's still pretty good for a sub-$10 investment.
AND... more good news for those who purchased recently, price is up in AH to $10.00.
I bought a few shares today also not $55,000 dollars worth like yourself as I am a much smaller fish. But like yourself I see the value here under $10 a share time to buy also bought BAC today its oversold another buy today was VSE. Good luck longs
I bought a few shares today also ($9.84) for an 8% holding in an ESA account.
It's impossible to pick the bottom of a falling stock price, but looking at the 5yr chart indicates that NRO is currently within a major dip. Sure maybe we didn't get the lowest price of all time, but it's certainly better than most.
Also, sit around and think about it for too long and you could have missed another dividend cycle...