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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (4996)9/15/1998 11:13:00 PM
From: Paul Senior  Read Replies (2) of 78476
 
FWIW: Switched out of HOT into FCH.

Starwood (HOT) changed their structure and dividend policy (reduced it). I find more attractive now FCH (Felcor Suite REIT). Not that I can understand or evaluate REITS, 'upscale', 'full service' hotels (which is what these two REITS seem to consist of), or understand well FFO and/or other REIT terminology. However FCH, selling at 20+ with a stated bv of 25 (which may or may not be reflective of anything), heavy (IMO) insider buying, trading near its lows (seems like it hits new lows every day), and about a 11% dividend yield -- well, it's worth establishing a very small position in a tax-deferred account. Bought some more today at 20.1/8
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