REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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

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To: nasdaqian who wrote (1832)	5/9/2000 10:54:00 PM
From: Richard Barron	Read Replies (1) of 2561

Bruce, RAS is a mortgage REIT. I avoid them, especially when interest rates are rising. Good luck if you invest there. ENN is in the 3rd worst sector at this point in time. Medical and outlet REITs are suffering the most, followed closely by low service hospitality. ENN's FFO dropped 10% last quarter. If the oversupply takes another year before a balance in established, then this is a great investment. On the other hand, if interest rates continue to climb and a recession occurs, the FFO could easily drop another 20-40% which would put the dividend in jeopardy. I think this is likely to be a good investment, but if one wanted to build a $20,000 investment, I would suggest $2-3,000 every 3-6 months until it looks likely that the corner is turned and no dividend cut could accurately be forecasted. At 18% one never needs the dividend to go up. I believe they have some preferreds with a healthy dividend that would be more secure than the common dividend. Richard

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