Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Hawkmoon who wrote (35928)	1/2/1999 12:33:00 AM
From: Bonnie Bear	Read Replies (1) of 94695

most REITs are the equivalent of S&P in 1982 right now, way-y-y below replacement cost of the buildings at mid-80 prices....there has never been a time in the history of reits or utilities that they were as cheap on absolute valuation relative to gov bonds. The better equity reits actually benefit from the credit crunch because new construction shuts down setting up better barrier to entry, and the strong can buy from the bankrupt poor at pennies on the dollar. REITs are really interesting tax shelters. I do RFI/RIF/DNP/GASFX the industry is consolidating a bunch of microcaps and it's the only tax-efficient way to play by reinvestment of dividends in an IRA. Your comment about bankrupt company made me laugh...in 1982 when lots of companies were going bankrupt, most people refused to buy the S&P because stocks were too risky, and they also refused to buy bonds because they'd lost so much money as bonds went to 15%. Buy when there's blood... Ya I know, they're as much fun to watch as drying house paint.

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