Bridge Player, Yes NFI at 16 down from 50 - and down from 30 recently.
OTOH, it's up from 2002. This thing has incurred losses before, and has traded below book value 1997-1999, and at a lower p/sales than currently. I'm saying it wouldn't surprise me to see NFI stock drop even further.
The dividend isn't offering up much protection now (i.e. the stock keeps dropping), and the div. may not in future. Issue of whether the dividends will be reduced. I don't have a clue. I'm with Madharry: I can't scope the situation in NFI or NEW or their environment. So not worth a bet to me. Jmo, and I've been wrong many, many times.
----
I am holding AHM, NCT, RSO, maybe a couple of other reits that have more sub-prime loans that I should be alert to but am not.
AHM's been profitable every year in past ten. NCT looks profitable in each of past seven years. Big deal, harrumph. When they go sour, maybe they all go sour. AHM, NCT may or may not be as exposed to a possible sub-prime debacle as NEW,NFI. I need to look closer here. |
