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Strategies & Market Trends : Dividend Investing

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To: Terry Maynard who wrote (23)	12/28/1998 8:43:00 PM
From: Paul Senior	Read Replies (1) of 387

I added a little to my position in MLS - The Mills Corp. - today @ 20 1/4. It's a REIT with close to a 10% dividend yield. I'm no REIT expert or even very knowledgeable about REITs. But lack of knowledge hasn't stopped me before -g-. I like MLS because I read and heard that Gaylord of The Grand Ole Opry are tearing down their very profitable (I think) Theme Park to put in Opry Mills -- one of the Mills Corp's humongous discount outlets cum entertainment centers. So they are making a bet that they can do even better with a MLS mall. Yesterday I read somewhere, that the Mills Outlet center in Florida is the number 2 attraction in Florida after Disneyland. That's impressive - to me anyway. The man who comes closest to 'REIT guru' for me is Richard Barron - see his REIT thread on SI. He kinda/sorta blessed MLS when I asked him about it in Oct. (#987) as a long term investment holding. I don't know his opinion now though. I really don't know what's going on with this company or with REITs in general. But MLS seems to me to MAYBE be doing something very, very right. Coupled with the yield, and dropping stock price (I don't know why it's dropping)... well, I've increased my position today. Paul Senior

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