On Nov 19, 2012, NRF closed at 6.2. It is up over 50% in one year AND that does not include almost 80 cents of dividends.
You're correct. It is unbelievable.
Interestingly enough, they actually raised the dividend, albeit a minimal amount.
The board has a fiduciary responsibility to be prudent and apparently they are quite confident about the future cash flows.
I am in exactly the same position as you and live off my dividends as well, which are much more than I need.
While you flip for fun and profit, I tend to sell puts for excitement and play money.
Good luckk to us all
I am curious as to what you price you would sell.
While I have been in NRF for years, your analysis has made me a much more aggressive buyer.