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Strategies & Market Trends : Commercial Real Estate tic.............tic,,, -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (308)5/30/2010 11:41:00 AM
From: Perspective  Read Replies (1) | Respond to of 442
 
Do you know anything about NRF? They claim to have a book value of around $8/share, but the market clearly thought much less of them back in 2009.

I think their average debt rating is BB/Ba2 - non-investment - which sounds pretty dicey being in CRE.

finance.yahoo.com
en.wikipedia.org

They've fallen a lot already, but could go much further in a double dip.

`BC