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: James Kibler who wrote (2082)	4/24/2001 5:48:20 PM
From: Richard Barron	Read Replies (1) of 2561

Hi Jim, Here is a link showing that KTR is buying out CEI's investment in KTR and issuing up to 8.6 million shares to do such. Considering that the stock is so cheap, I don't like the dilution by issuing shares. I don't know why CEI has the right to put the shares, or if KTR is acting foolishly. The stock will likely rebound after the offering, but until then... quicken.excite.com stocksheet.com this site has a lot of noise and may be inaccurate, but shows at $16 book value. They are almost doubling the # of shares. They have a FFO multiple around 7. Personally, I don't see issuing stock when the FFO multiple is below 10-11. I am mostly on the sidelines. I bought some KPA prA and GLB prA recently, and FR, but that's it. The rest was lightening up on core positions when stocks had run. All the health cares are getting upgraded these days. NHR is one that is too small to show up on their radar screens that never had bad problems and has a 12-13% dividend. I will load up if it gets under 10 again. It's hard to get a lot of shares, so use limits wisely. Richard

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