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Alpine Global Premier Propertie Message Board

  • patroutman patroutman May 11, 2009 12:04 PM Flag

    AWP = $4.30, AWP's NAV = $5.57...

    People have completely lost faith in this fund.
    What is NAV? NAV is the Net Asset Value of the fund.
    Remember this is a Closed End Fund. It is not a stock.
    For $4.30 you get one share that is actually many other stocks. The value of those stocks is actually $5.57 per share.

    What does that mean? That means for $4.30 you can buy $5.57 worth of real estate stocks...

    Seems like a deal to me.

    Alpine has good management despite the terrible job they did last year. I hope to see this NAV continuing to rise. The fund price may never get back to the NAV, but it should follow it as the NAV increases. Eventually it will start to close the gap. Especially if they continue to grow the NAV and even start bumping the dividend again. Dividend bumps will probably take some time as growing the NAV is the key issue right now.

    Sure, there are some trying times ahead, but these guys (and girl) have the skills to beat the market. Heck, they crushed the market on the way down...

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