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

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To: LarryD who wrote (1430)8/4/1999 8:52:00 PM
From: Richard Barron  Read Replies (2) of 2561
 
Larry,
I bought some more FCH today, just under 17. I think at a FFO multiple near 4 and under 60% of book, it's a great value. I hope they can buy back some stock at these prices, before some value investor like Buffet or whoever jumps in.
There earnings were flat, and some investors figured if interest rates climb, earnings could get hit pretty bad, so why wait around and see how bad earnings could get.
These are the 2 headlines that effected them so much.

16:23 Alert: S&P REVISES FELCOR LODGING TRUST RATING OUTLOOK TO NEGATIVE FROM STABLE (RTR)
13:00 PaineWebber Drops FelCor Lodging To Neutral From Attractive (FCH)

Richard
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