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

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To: Grommit who wrote (2442)6/11/2003 1:03:54 PM
From: James Kibler   of 2561
 
Grommit....thanks for your comments, have some old preferreds myself GLB-A purchased in 99' @14.........and MAA-A same year @21............they've been goodies indeed. Like I told Rich am hesitant to buy "anything" that's callable with all the eager bankers salivating at these convert deals. Speaking of lower tier I don't think CEI-A are callable and while up appreciably recently....8% looks better than moneymarket...............SFI has a couple nice payers but dangerous at these levels..........like you say many are at nosebleed levels but with Greenie ready to lower rates again soon he seems intent in pushing everybody into the "pool"............I think its time for an "irrational exuberance " comment myself..........take care JIM
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