Mariner Retail America (MRA), is currently wallowing in the low 80 cents after going ex-div a week or so ago.
It's fully franked dividend gives a yield of over 11% and at these prices there really has to be limited downside risk.
Along with the 3 Rubicon trusts RAT, REU & RJT, MRA has to be looking very cheap.
MRA should be trading in the 90 cents range, close to $1 but the mortgage meltdown has left some skittish.
But MRA has of course no exposure to sub-prime in the US and bad news is factored into the share-price for no good reason, making it cheap.
Any views people?
MRA
mariner american property income trust
cheap limited downside . . .
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