At 28, stock is effectively trading at a 10% annualized yield for the rest of the year ($2.10 for next 3 quarters was re-affirmed at last conf call) and at 11.6% for next year based on $3.25 predicted on last call. Not too worried about Chinese imports; RNF's market is very local. Picked up another 900 shares at $27.40. Back up to mid-30's shortly.
Try taking a spelling lesson moron.
Don't know where you live, but real estate is selling pretty fast in Northern NJ. I'll take your real estate comment as predictive of the accuracy of your silver comment.
Sentiment: Strong Sell
Other factors that pushed it down were the plant close down for rehab and the rising cost of natural gas. The first factor is history; second factor seems to be reversing and nat gas is weak seasonally now.
Good luck, but I think youre going to be disappointed.
Let me give you a piece of advice based on 30 years of investing: never buy after hours because you think you are smarter than the market. You're not. I'm not. Every time I did that I lost. Learn from the beating you are about to take.
Correct. Except I think book is 28.93.
This whole focus on BV is somewhat artificial. The Feds easy money policies pump up the price of the mortgages and the MREIT's BV. The fact that the fed couldn't hold down rates and pump up values last quarter is a bit disturbing and suggests all hell will break loose for MREITS if they ever increase rates.
Ditto at 33.19. With the high premium of price over book, either there will be a secondary shortly or the price will drop to 29. Either way, I'm getting back in at 29.
Any one who was in for the capital appreciation but doesn't want to pay tax on the div. They can sell, avoid the div tax and get back in at the ex div price. I've noticed that div stocks hit short term highs around 2 or 3 days before the ex date.