Look at the discount or premium it's being sold at. If it's a discount, invest more. If it's a premium, buy for trading only. Normal price based on history is about 5% - 10% premium. NAV is currently $5.47 so you have a 6.2% discount.
Agree, Carl. I added 5,000 shares today, and NRZ is now my largest position by value. I could be happy with the current divy, but I think there are blue skies ahead.
Agree, no squeeze .... real buyer's sentiment. Divy could easily be $0.50 a quarter by year's end, and PPS could be $20 once everyone starts to understand this company. No reason why the yield should be more than 10%.
... RAS started raising their divy a penny a quarter? In fact, they might have to meet REIT laws, and, in any case, they can afford it. PPS would hit $6 by the end of the year, and maybe more depending on the ER's.
Monthly divies cut down on volatility and make the stock more desireable [i.e. higher stock price] so I am in favor of it.
If you take a loss, and have nowhere to get a similar "deal," then it can be a real loss. But this market has created tons of good buys. So, selling RSO at a loss isn't really a loss if you spend the money to buy something else cheap.
Remember that people sell stocks for many reasons, but they buy for only one reason.
Yield to cost is pretty much irrelevant. If you were to consider selling a position to reinvest elsewhere, you would use yield based on current market value 'cause market value is what you would get if you sold.
This is insane. Almost a 20% yield even at the reduced divy. I still do not see the justification in the fundamentals so I am staying in.
Not really. They waited for a price they thought they would get, not a reasonable price. The stock market is often unreasonable, including right now.