You're absolutely right in my opinion. that would still put it above it's NAV by a couple of dollars so it COULD still drop to it's NAV but at that dividend ( as long as they don't reduce it and I think that's possible for survival) compared to the world todays dividends, I think the demand will be there to keep it up.
the threat of a rate increase. before 2008 and QE it traded at a 16% discount to it's nav and it's nav was $25.00.
seems like someone would jump on this?
2014 3rd 5%
2014 4th 2.2%
2015 1st .1
No rate hike for at least 2 quarters of rising GDP. another few months of 9.5% dividends for sure
In the past Charles has described himself as a "BLACK GUY". It's in no way disparaging except to a few racist individuals that take offence to it . He's one of my favorite "IN THE KNOW PEOPLE" to listen too also, AND, he was right about GBX too.
admittedly, I know nothing about shorting a stock. If Dan shorted this in Feb. , it's had 3 dividend distributions since amounting to .54 cents a share. How do you handle that when shorting?