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The gap between the market price and the NAV is breathtaking. Last year it posted a 20% return on NAV but only 12% at the market. In 2001, it was reversed: 4.5% at NAV but 14% at the market price.
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The gap between the market price and the NAV is breathtaking. Last year it posted a 20% return on NAV but only 12% at the market. In 2001, it was reversed: 4.5% at NAV but 14% at the market price.
Don't even want to think about 2009.
Hmmm.
Thanks, Ted!
David