REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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

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To: Richard Barron who wrote (499)	11/24/1997 9:19:00 PM
From: George T. March	Read Replies (1) of 2561

Richard, Nice post on LXP. I bought in today at 14 3/8. I'll be surprised if it goes any lower even to test the recent bottom. Also enjoyed the rest of your post. I share your confidence in the future of reit land but I also have some nice utilities (water especially) to help diversify the portfolio. Also, just today bought a different kind of real estate stock that specializes in the our eventual landing spot. A company by the name of Loewen Group, LWN which is in the cemetery business :). It was recommended by Jack Adamo in his Insider buying letter. The stock recently traded in the low 40 area and is now at about 25 where I bought it today. The Chairman and other insiders have purchased a considerable amount at these pricesand higher. Adamo has a good track record with his calls and the stock looks like it's undergoing accumulation on the chart. They turned down an offer the company at the $40 level. So it looks like a good play to me. Adamo gave a target of $40+. Trying to decide whether to sell my REA. Got a 5 pound package in the mail spelling out the new formatted company which is to be voted on Dec. 3rd. If you still own it, would appreciate your opinio. Best regards ....George

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