Anyone have the calculation for today's NAV? Or the "Commons"? (Are they the same?)
Or is calculating the NAV a guessing game as we don't know what if anything has been deleveraged?
are you trying to kid us or just kid yourself, the earnings and outlook suck except for a very few companies. The banks you mentioned are getting capital injections after they were allowed to steal other other companies. If they could be allowed to steal the other companies, don't you think they shouldn't need capital injections?
I trust corporate earnings reports more than government statistics.
State Street: 33% profit gain:
Coca-Cola: Profit up 14%:
Wells Fargo profits better than expected:
JPMorgan Chase posts surprise profit
Family Dollar quarterly earnings up 41%:
Despite having a predominantly service-oriented economy with a growing export sector and a government that represents over 20% of employment, we don’t appear to be in as dire a situation as the 1930s. We have enacted extraordinary measures to fight a severe downturn that hasn’t happened yet. The New Deal was a response to a 25% unemployment rate and significantly negative GDP. In 2008, we enacted a Financial Sector New Deal (trillions of dollars) just on the fear caused by 6.1% unemployment and an expected slowdown in growth.
Just like Greenspan fought inflation that wasn’t there in 2000, I hope Ben and Hank are fighting the depression that isn’t there ;)
Anybody else notice LIBOR dropping the last two days? Isn’t this what everyone was worried about?
I don’t believe the leverage changed significantly. NRO outperformed every leveraged and non-leveraged REIT fund I follow for one simple reason: CMBS. Specifically, SFI was up 71.23% and GKK was up 4.85%. These two REITs alone added about 2.3% to the NAV while almost everything else fell.
By rebalancing the portfolio to solid REITs in this sector, NRO can reduce leverage and still maintain strong cash flows. With spreads at historical highs while the Fed and Treasury pump trillions of dollars into the financial system, this sector is a prime target for capital flows. What highly rated collateralized investments with a low default rate can generate better net interest margins than commercial mortgage REITs?
You will be able to find the actual nav around 5:30 CT by looking at XNROX on yahoo
That is updated once per day.
The other discussions are people using various methods to compute the nav throught the day. If you watch you will find however some of them do a very good job. They are often within pennies.