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Strategies & Market Trends : Value Investing
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To: Freedom Fighter who wrote (9352)12/21/1999 9:07:00 PM
From: Joan Osland Graffius  Read Replies (1) of 78507
 
Hi Wayne, Re: FR

I bought this during the last economic downturn when Merrill Lynch brought it to market. I sold it a couple of years ago around $36. When I owned it the management was doing a good job and gave me some nice non-taxable income.

I like to buy reits during a recession when the street does not want anything to do with them and rents are dirt cheap.

Joan
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