Well if you like Cramer you can be comforted to know that he also owns this in his Action Alerts Plus. Not sure that's such a great endorsement.
Couldn't have said it any better. Am looking to add, just not certain at what level. This merger proposition seems to have injected some uncertainly into the mix.
They listen to him because he's been completely right-on with this stock & has made money for lots of people, that's why!! The fact that he doesn't suffer fools lightly is part of his charm. I gladly overlook this given the results over the many years. Isn't that what we're all about here, to make money?
Market just realized that rates are headed upwards? So the 10 Yr now at 2.25% & everyone panics. IYR, Reit index down 2+%. I guess the only salvation is to buy more NRF as the stock moves down in sympathy.
Excellent question as rates definitely are on the horizon. Would be interested to get Dar's take on how NRF might perform in this new environment?
I think this is mostly macro related, as almost anything with a decent yield is getting hammered due to the jobs report and subsequent rise in rates.
For the what it's worth department, Maxim Group, FBR Capital & Compass Point (whoever that is) all reiterated buy/outperform ratings today. Yesterday, Wunderlick kept their hold rating.This info from Fidelity.