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i agree w celtbese 8 give or take w at least .04 hopefully.06 i bought in @ 2.80 hold 30kGLTA
You folks are living in la la land. What is on the horizon to justify a more than doubling of share price from here? Nothing that I can see.Set your horizons farther out. Five years minimum for this thing to recover to pre-crash levels.
With the thousands of shares we bought at 2.06 and 1.51, we will be in the black at 8. Our initial buy was 18.36. We never doubted the RE sector would go up again. retiredafe8
Actually, even the rosiest forecasts today peg 2015 as the date of recovery to pre-crash levels for major metropolitan markets. The rest of the country could take until 2030.Just be glad we didn't melt into a full-blown depression, which was very, very close.
Pre crash levels would be $15 per share with a .15 div, nobody is predicting that. The closest prediction I've seen here is $8 per share (little more than 50% pre crash) and .04 div.Personally, I see about $4 per and a .03 div on 12/31/2010