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NorthStar Realty Finance Corp. Message Board

  • neiljneil neiljneil Aug 14, 2013 4:58 PM Flag

    Too many secondaries?

    Effectively insiders are buying at $9.60 but the stock has sold off and gone way lower. I believe the extreme sell -off is unwarranted. Management has consistenty demonstrated thay they know how to utilize funds.
    I significantly increased my position today in NRF and RAS also. If anyone thinks I made a mistake and can intelligently discuss why, I would like to know.

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    • I'm also thinking strongly of increasing my NRF here at the low $9 level. There is no question that NorthStar Realty is aggressive in trying to grow its portfolio which takes as much money as they can raise. Extreme short interest has dogged NorthStar for quite a while now which has an effect each secondary. Weak markets, rising interest rates (for now at least), perhaps a shift from some money managers from REITs to retail and growth stocks. A lot of factors probably going on, but as long as you have faith that the secondaries will indeed be put to good use and CAD will increase and shareholders rewarded with higher dividends $9 should look like a good buy price years down the road. I'm hoping 2008 doesn't repeat, because then all bets are off.

      Right now I'm holding off buying more until around $8.20 - $8.70 which could happen if markets correct. But the current price is drawing me in with its siren song.

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