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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (28914)11/9/2007 1:15:41 PM
From: Grommit  Read Replies (2) of 78705
 
LXP -- I made the other call. Sold the shares in my taxable account because when the taxable special div is paid, the price should drop by a corresponding amount. Why do I want a 2008 taxable dividend and a larger capital loss than I have now? So I sold my taxable shares and will reinvest in a different REIT. Since reits have been overly hammered this year, there are many substitutes for LXP. HPT and HRP are better bets, IMO. Also, insider sales at LXP, so I sold my IRA shares also.

HTE note -- refinery margins will recover. no worries here

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