REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (2553)	7/16/2012 12:23:40 PM
From: Elroy	of 2561

Gotta be quick with these mREITs, I was recommending CYS a few days ago at $13.80, now it's already up to $14.12. The sector has been on a tear lately. The only one not going well is CIM. They have some accounting issues, and have cut the dividend repeatedly, so I guess it makes sense until the bleeding stops. Still, with the shares at $2.34, and Dec CIM calls offered at 40 cents, that's sort of tempting. You're only paying 6 cents over intrinsic value, and its possible that before Dec they 1- work out their accounting issue, 2- stop reducing the dividend, and 3- trade back up to their book value which is (I think) $2.70. If it gets to $2.70 then the calls would go to at least 70 cents, a 75% gain from 40 cents. That's not all that crazy of a trade if you ask me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next