NFI - Oversold?? You betcha

[mrmarket]

I just bought a boatload of NFI at around $5.00/share. I think this stuff got oversold in the New Century hysteria. Let's see what happens. Looks like some strong buying today.

Wish I had thought of this last week...doh!

Trailing PE of 2.50

[mrmarket]

oh..yea...it also pays a dividend of $5.60/share...a 170% yield, if you can believe that!

[Websman]

Certainly looks oversold to me.

[Websman]

The daily TRIX is confirming a rebound.

[mrmarket]

u sees?

good call $$$MM$$$

[billyjoe]

Mr. Market,

I've heard the following stats which, if correct , confirm that you're more huge than ever.

1. Financial institutions defined as "subprime lenders" lend out 13.3% of their funds in "subprime loans"
2. On average , 7% of these loans will default
3. This is only a .93% rate of default even the bank of billyjoe could live with
that.

When is NFI's next div?

---------------billyjoe

[jiesen]

yep, I agree with your assessment of NFI....obviously, since I bought a buttload of the stuff also, (last week at 5 as well as at 8.5-10 earlier)

it's interesting that we agree on this stock again now, especially since this is one of the stocks that I found you on back in the Yahoo days (IART was the other), when my NFI buy coincided with your HUGE pick at the time.

I see no reason that NFI wouldn't pay out at least $4 in dividends this year, so how can you go wrong buying at 5? TI for 2006 is more than $4, and they are required by being a REIT to distribute at least 90% of it. So unless they de-REIT or go BK before the year is up, a yield of 80% or better from here is pretty much in the bank. now THAT's a juicy dividend!

Bear Sterns agrees with us, too:

http://biz.yahoo.com/ap/070315/bear_stearns_acquisitions.html?.v=1

[billyjoe]

Somebody is going bankrupt. If we only knew those on the most likely to list.

------------billyjoe

[jiesen]

http://finance.yahoo.com/q/bc?s=%5ET...l=on&z=m&q=l&c=

when this chart reverts back to the historically normal range of 8-10% we'll see who was swimming naked back in the halcyon days of sub-5% interest rates. until then, it's anyone's guess. I believe NFI will probably be gone before then, swallowed by the likes of Bear Stearns, or taken private... but they should still pay me my 2007 dividends before that!

[mrmarket]

http://finance.yahoo.com/q/bc?s=%5ET...l=on&z=m&q=l&c=

when this chart reverts back to the historically normal range of 8-10% we'll see who was swimming naked back in the halcyon days of sub-5% interest rates. until then, it's anyone's guess. I believe NFI will probably be gone before then, swallowed by the likes of Bear Stearns, or taken private... but they should still pay me my 2007 dividends before that!

Yes...buyouts are most likely..however, the sharks will buy the ones with the most value first.

NFI did not close the way I had hoped today, but I'll watch it the next couple of weeks and may sell off half of my position if it fails to get moving.

[mrmarket]

What does the chart say???

This is a job for the day chart readers...where is Spike, NBB and Skiracer when I really need them??? Doh!

[Websman]

NFI is up .82 in pre-market!

[Karel]

I decided to play a bit too, and bought yesterday at around 5.15. When it gets to 6.85 or so, I'll sell a chunk. Or when the position drops too much, of course.

Regards,

Karel

[mrmarket]

I decided to play a bit too, and bought yesterday at around 5.15. When it gets to 6.85 or so, I'll sell a chunk. Or when the position drops too much, of course.

Regards,

Karel

Looks like the market sees the value too. You Seeeeeees??

[mrmarket]

dividend?

who wants to predict when they might pay it? What were the dates of the past few dividend payments??