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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (7623)9/23/1998 10:21:00 AM
From: HoodBuilder  Read Replies (1) of 34809
 
REIT to buy now!

Look at PEI (NYSE) This conservatively run REIT has been around forever and recently merged with one of Philadelphia's premier privately held developers which brought development knowledge and experience to the table. The REIT owns Regional power centers and sunbelt muti-family. Currently paying a $1.88 dividend and trading
at $21.00/share it represents an excellent opportunity to realize a
20-25% return through price appreciation and yield.

IMHO the FFO is safe and they will soon be voting on continuation of the current dividend which when approved should get the stock to $24.00.

Check the P$F, it just reversed off the bottom and has traded in a tight range forever! This is like owning a money market that if bought
below $20 yields 9-10%
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