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

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To: Richard Barron who wrote (1622)11/26/1999 12:41:00 PM
From: Bob Rudd  Read Replies (1) of 2561
 
Richard, ETT <<Where did you get such accurate info?>> $1.20 was mentioned in 11/2 Merrill report that indicated it was based on "conversations with management" After the GHV recap, I called ETT and asked if it greatly reduced the probability of a cut --was told in hedged terms that it probably didn't. The timing just before the cut was announced was coincidental. I have no inside track on ETT and many of my assessments have been incorrect as a review of my prior posts on this thread will reveal.
The bounce today indicates most of the bad news has been discounted. The ETT stock buyback may have put a floor in on the stock.
GHV is the key to this game. If it becomes clear that GHV is out of the woods the financing cost will decline and the dividend may be restored...although this may take a year or so to play out. The bankruptcies at other nursing home operators has brought attention and some action to restore health to the industry. I tend to think their will be patient problems at some of these bankrupt entities that catalyzes further relief down the road.
bob
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