FFM is now a corporation and does pay taxes on earnings, if any. FFP continues to be a Limited Partnership. I expect FFP to convert to an REIT during the next 12 months. I base this on the expected refinancing to be [IMO] concluded shortly. Since the beginning of this year assets have doubled, leading to increased FFP (funds from operations), expected [again, IMO], of $.55 for fiscal '99. FFP is one of the cheapest investment vehicles I follow. It's also the only non-OTC:BB I own.
FFM doesn't have anything I find exciting except the rent they pay FFP.
OTC:BB stocks I currently like are:
ORXR, EGXP, TCGN, QPDC, NWRK, GALM, SCRI, TRSN and POWR
Research'em and give me your opinions.
Don't worry I have more!
Reqards,
Paul |
