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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Bob Rudd who wrote (1428)8/3/1999 5:44:00 PM
From: Richard Barron  Read Replies (1) of 2561
 
Bob,
I have spoke to Lee at ETT a few times and agree that he is very low key and seems to give conservative, accurate information. He told me about the VTR structure having excessively high rents which would drain VC about 4 months ago right after VTR tanked from 10 towards 4. He explained that GHV was a lot more solid and had some cash reserves also. I like the recent news, and I did buy another 25% position today at the open.

Tony,
I don't know what the market will do with HRP short term, but the spinoff will leave behind an office REIT which is now about 2/3 of the book value. If the office portion gets a normal REIT multiple, there is a decent amount of room for appreciation.

My best bet is hoping CEI gets all the way down to 20, and I will load up with some options on the 20 calls. I refuse to believe that CEI will stay this low for more than a month.

Richard
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