Doesn't seem justified. Great potential dividend yield at these levels (just over 7%!) and it's trading at a decent discount to NTA.
It might be the general market response to interest rate fears. I doubt the stocks held by WAA have overall fallen over 6% today. An overreaction for a stock that is thinly traded.
I added to the position today, and feel comfortable adding more in an environment where single stocks (especially those that do not pay dividends) are quite volatile and have fallen more than the index. WAA is diversified and pays you income to tie you over through the market ups and down.
WAA Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
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