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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (34686)	6/4/2009 12:58:04 PM
From: Grommit	Read Replies (2) of 78744

I think that BDN pref shares are a OK, but maybe slightly over priced as compared to others with similar debt and risk. I would put BDN, LXP, DRE, HRP, and CLP in the same ballpark of risk level. FR and AHT a bit higher. FR, with higher debt, just announced financing for a large amount that was coming due this month. Assuming that they could raise the funds (they said that it was a slam-dunk in the last conf call), the FR-K pref stock was yielding 18% at the $10 recent price. So I added shares over the past few days. At today's price it is still 14%: finance.yahoo.com finance.yahoo.com finance.yahoo.com here are the yields of a few pref shares at today's prices: BDN D 10.5% LXP D 15.3% CLP D 11.5% HRP C 12.3% DRE N 11.9% FR K 14.1% AHT A 16.7%

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