Re: When to Buy NFI??
That's a tough one. You should be aware that NFI generates earnings more or less from the carry trade i.e. they borrow short and lend long. A flattening of the yield curve will probably impact their earnings some. A year ago it was around $15 a share (split adjusted). I would think it's much more inline with a reasonable valuation. If it went to $25 I think it's a screaming buy. Many expectations for a divi increase. Divi announcement on the 19th. I think it's a reasonable buy at today's prices. I sold 2/3 of my position at around $44 basically to take a big profit. I've still got a 1/3 and may trim another 1/3 of that. After that I'm just holding it for the long term.
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