This sick puppy has lost a ton of it's market cap. Cheap stocks are cheap for a reason. It still is a little spooky that our exec mgmt. team is saying things like we should remember how well we did on our year end payouts---and now comparing their 60% div. reduction to a current rate compared favorably with Gov. bonds. This management team has to execute and perform. This would be like the Cub's missing out on the World Series (Again) and saying next year will be better because they are getting rid of six players, thus cutting their payroll by 60%. Do they write this stuff on a cocktail napkin??? Do threy ever consider why people buy a REIT in the first place? My concern is simply that IGR will stay a viable fund. IMHO
edtee / Good post and explanation. Here when I loaded the truck with IGR---I foolishly thought it's geography spread was it's strength---and would protect us from this,---- IGR being taken out in the back yard and shot! I could kick myself in the arse for putting my mother's retirement funds into this sicky. With a BIG name like ING behind it---what could go wrong. From 22 down to 3 that's what sucker. Geographical stability my ass. I'll start drinkin early.