And of those REIT stocks discussed earlier on this thread, I bought and still own
LHO, FCH, ARI, and MLS. (All purchased at prices below current)
These stocks all have good dividends (IMO) and insider purchases.
LHO, a Jim Clarke special, was discussed in some detail here.
I chose MLS over CCG for my pick regarding outlet malls. Didn't see anything special regarding CCG; also read one neg. comment about CCG. I just like MLS concept better. Plus numbers look okay to me. (Nice div.)
PSA, I skipped-- I think I recall reading a Forbes article about 5 years back on how the CEO, the basic developer of the public storage biz., really hurt investors in HIS company by creating different classes of stock, other financial manipulations. So I avoid. (Not at all sure of my rumor/facts here-- but enough concern for me to walk away from PSA).
Some caveats:
Every time I go up against Jim C. I think I lose (I chose RN over his MO pick, for example), so my opinion is that my opinion here also ought to be discounted for that -g-.
If you are assuming that insider trading regarding REITs is a strong signal, you want to really test and check that assumption. Some companies, especially REITs, I have found, offer loans to their officers to buy their stock. In looking at one REIT, I read an analyst opinion that those loans were non recourse -- (in other words, buy the stock, we'll loan you the money, if it doesn't work out for you, you don't have to pay us back). Obviously then, in these situations you would expect to see a lot of insider buys. Quite a bit different from in-the-know people plunking down their own money -g-.
Paul Senior
|
