If you like diversification as well as yield look into MORL its an ET N which is based on 24 mREITS one of them being RAS the largest is NLY its currently yielding 28%
The May dividend should be announced at the end of this week last year it was announced May 7th.
While it NAV started out today tag $13.07 the mREIT market is down today nonetheless, its a good time to buy at a discount
Currently all of the twenty four mREITs that MORL is composed of are trading below their NAV ,,,,,MORLS is trading just three cents blow its NAV of $13.14
I know exactly what MORL is, its an Exchange Traded Note(s) wherein its value is based against a pool of 24 mREITS leverage 2x the value of these mREITS.
Typically mREITS sell at a discount to their NAV (book) similarly MORL usually sells at a discount to its NAV, not so just recently its been selling in exceess of its NAV signaling strong confidence ergo demand of the investors buying it.
I have to apologize, I am terrible with names I almost gave the credit to Davis Folger and not to the Davis that deserves it, that's Dr. Davis Foulger
Dr. Folgers you must have been away composing your new paper " Models of the Financial Loss Process" similar to your previous paper "Models of the Communication Process" but this one centers on the persuading tactics used to make investors believe that no matter how dismal the numbers look for RAS its still a good buy
Still trading at a discount from its NAV of $13.00. If the FOMC. comes out with a passive statement on interest rates tomorrow (which I assume they will do) you'll see fixed interest products like MORL rise
So persistent buying even when. RAS keeps diving downwards has reduced your PPS to a minus? LoL
So that's how the numbers work. Your almost almost as good as your big brother Davis ! (or Davis the Great as he likes to think of himself), ar making sensless remarks sound positive.
How does that work? I thought when a company as desperate as RAS puts in effect a REVERCE SPLIT, which it did a couple of years ago YOU WIND UP WITH LESS SHARES!
Davis have you ever thought of the money people have lost listening to you? that alone should give you pause to be retrospective and a touch of humility
I haven't seen many posts from the original Davis, I think you've drove some humility into him Davis II, good job.
All of the mREITs in MORL's portfolio are up today so its book value must also be up and typically MORL PPS follows its book