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Newcastle Investment Corp. Message Board

  • stock71130 stock71130 Feb 15, 2008 10:45 AM Flag

    NCT for Chumps.....Buy JRT instead

    JRT officer Joesph E Roberts has continued to buy back his shares. He is maxed out and can no longer buy without owning more than 10 percent. 10 percent ownership or less maintains REIT Status.

    JRT has 795,000 shares purchased back vs.

    JRT DIV shows it at 1.80 per share. They announced a special year end DIV of .65 per share in addition to the regular .45 cents per share. That makes total DIV this year of 2.45 per share and at 9 dollars today gives you a DIV yield of 25%

    Blackrock has too many places to dilute and hide money.

    Div will never go up in AHR becuase it is managed by Blackrock. All they have to do is charge extra management fees to hide profits and screw shareholders.

    Go with Joesph E Roberts JRT

    Honesty, Integrity, and big DIV at this level

    No brainer

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    • I thought Founders manage that reit?

    • How about AFN? At Friday's close, the price has significantly discounted and div yield is way over 35%; earnings/div will be announced on Mar 10. Alesco just seems as risky as having unprotected sex with a intraveneous drug-user but really is the girl next door. Sometimes you got to roll the dice and so far, management has been pretty straightforward and honest.

      • 1 Reply to mcwayne58
      • From yahoo on AFN: "Alesco Financial Inc. is a publicly owned real estate investment trust. The firm typically invests in real estate and other securities including trust-preferred securities, mortgage backed securities, and corporate loan obligation. Alesco Financial is based in Philadelphia, Pennsylvania."

        Mcwayne, do you have any idea what's in their portfolio? A "corporate loan obligation" is a CLO. These are the very securities that started this mess, and they are being written down by the hundreds of billions here, in Europe, and in Asia. And nobody is doing Trust Preferreds anymore, because they are unsecured, covenant lite and many are blowing up. If you did Trust Preferred's on real estate in 2005 and 2006, burning your money would have been faster and easier.

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