Nah! One has to have an accounting degree to understand the numbers spouted and I'm just a dumb retired M.D.
U guys are much smarter.
Thanks. I was trying to buy back some at 14.73 having sold out my entire holdings way back on 3/31/14 @15.615 i.e just before the new stock issue.
I did buy back about 50% of sold position @14.01 some time ago and was now trying to buy back another 14%.
Guess u don't approve of the 14.73 attempt.
Other posters think the 0.70 div will be maintained.
I'm not smart enuff to figure the odds.
Perhaps I will listen to u and postpone the new buy.
So Buffet finally realizes that the economy is much to weak to raise rates. I have been saying that for months, actually years!
I believe gracie also has been saying that .
Blaming the American consumer is the most ridiculous thing I have seen in years. If it were true how did Fedex manage to do as well as it claims? Why only UPS?
The man can't do his sums.
There is a BIG difference.
gracie (and I) have been saying so for months if not longer whereas Goldstein is saying so NOW after the recent steep fall in yields globally including the EU and Switzerland.
Or some mismanagement?
I recall that the last time the 10 year treasuries were so low i.e back in May 2013, the MREIT universe was soaring despite daily talk of refinancing.
Then Bernanke opened his trap causing a sharp spike in treasury yields and all the Mreits went into
the toilet and have remained there.
One would think that now that the treasuries are back to the May 2013 levels we would be doing better but we are not.
So there is a marked cognitive dissonance. Maybe "investors" are worried that the yields may reverse direction and head up sharply again. The "once bitten" syndrome.
However value will eventually win out.
I have some OHI which goes up daily while my mreits do the reverse.
Markets do get irrational don't they?
Thinking about increasing my mreit quota during this insanity.
Your last sentence sounds like whistling in the dark.
If anyone could successfully do that they would be richer than Buffet.
Downgrade based on narrower spreads even if BV is increasing as treasuries rise.
I think its a buying opp for those who r under invested.