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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Harry Soin who wrote (2556)	1/30/2002 9:30:27 PM
From: bill	Read Replies (1) of 11633

There was an article in one of the financial papers about the number of stores KMart wants to close. These are anchor stores in malls. When a mall loses it's anchor tenant, it is in real trouble. Not only is there lost rent but traffic to the mall drops drastically. The mall has to scramble to get another anchor tenant. Easier said than done. Other possible tenants know that and use it as a bargaining chip. There was a KMart in a mall close by to where I live. It shut down. It was like the mall died. Finally,they got a Zellers. The small stores in the mall really suffered and some didn't survive. I think buyers need to pay close attention to REITs. I see recommendations that assume contracts are never broken, never fail. Three months with a drop of 40% in gross and a business is out of business.

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