Think my $10G suddenly became $3G or $4G , so bang was suddenly down huge, so what price would we need to break even? 20? 30?
I gather i"m not the only one that got burned by what I had thought was a safe dividend paying REIT five or so years ago.
the break even iwould be around $22-23 but I am not sure if you re-invested divends it could be a bit lower
I had $20,000 and I am under water about $3,800 as of 6/27/13
I bought INLW (RPAI) in 2004 @$10.00. After all the name changing and other tom foolery, I now have to sell for $25.00, my break even.
yes that makes sense, so 25 it is, ok, headed in the right direction anyway. I actually bought some more at 12 to average down