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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: David Culver who wrote (21)	12/13/1997 12:41:00 PM
From: WINDSURFER50	Read Replies (1) of 11633

I see that all the REIT's seemed to take a nose-dive on Friday. Was this just because interest rates were bumped up? Or was it because of some X-dividend, year-end stuff? I bought some HOT.IR on Wednesday, but if I had just waited (patience!) another day, could have had it 10% cheaper. Someone earlier on this thread said they thought the Canadian Hotels Income REIT was a good one, and the director of operations was on Newsworld just after that. He made a good case for hotels' recovery and value, so he convinced me. Anyone have a comment on the Legacy REIT since it went on the market? High of $6.20 is not too bad, though it's drifting backt to its launch price. I am still using the theory that if Asian business goes into the tank, there is still going to be intense Canada-U.S. travel and the hotel business will hold up well. Then again, what do I know about the hotel business? Also, anytime I go into the Royal York, it is always 'bustling.' Now, whether that means 'profitable' - only time will tell. Its bustly/classy feel should appeal to Americans and the dumper-buck should help (.7025 exchange).

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