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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (23868)	5/2/2006 4:13:21 PM
From: Broken_Clock	Read Replies (1) of 78763

My opinion is simple(I have been a real estate broker for 22 years in Hawaii). We are heading into a real estate recession. I have puts on JOE and DSL and hope to buy more on others. I expect JOE to hit around $40 by the end of summer. The real estate horror stories are, if anything, understated. Inventories are simply ballooning off the charts. Coupled with rising rates and over leveraged public the future looks bleak. You'd think the developers would be smart enough to know better but they have paid the most foolish prices for land at the top of the market...even more so than the public. Go figure. Nice call on RWC, btw. -g-

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