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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (32799)11/19/2008 12:52:00 AM
From: Spekulatius  Read Replies (2) of 78690
 
Jurgis, thanks for the update. A rated does not mean much if it's a financial. I think I'll pass on trying with bonds for now. I do hold some minor position in preferred debt - DLR-pb and HRP-pd. Both are REIT's, a sector which looks like a disaster. I don't think that any of the two above will default, though.

Speaking of REIT's, I did get out of KIMCO as well with a small gain. I am looking at SPG, the bellweather but I think it's going to be a long drought for commercial real estate. After X-mas there are going to be a lot of stores closing for good (Circuit City did not even make it that far) and at that point the carnage will be far more evident.
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