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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (30574)6/25/2008 4:22:51 PM
From: E_K_S  Read Replies (2) of 78673
 
Upped my position in Brandywine Realty Trust (BDN). Stock is selling near it's 52wk low (as well as an 8yr low). The company has shown good FFO in a challenging environment (increased it's FFO for Q1 by 9.5%).

findarticles.com

From the article:"...Funds from operations (FFO) totaled $62.4 million or $0.69 per diluted share in the first quarter of 2008, compared to $58.6 million or $0.63 per diluted share in the first quarter of 2007...".

Yahoo shows company selling 17% below stated BV of $20.00/share (http://finance.yahoo.com/q/ks?s=BDN ).

BDN announced the payment of their 2nd quarter dividend ($0.44/share) xdividend 7/3/08 which is equivalent to 10.67%.

This is a valuation and return to the mean play for me with a 12-24 month target of $27 per share (50 SMA).

EKS
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