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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49566)3/3/1999 11:44:00 AM
From: CYC  Read Replies (1) of 132070
 
MB:

Thanks for the loud yelling you did yesterday. SLR is starting to move. Scream, please. -g-

On a different note, I know you are not crazy about REITs at this point. Here are a couple for you to think about: NLY and TMA. Jim Grant mentioned them in his latest column in Money magazine. Grant is smart and conservative, too conservative maybe. As he admitted himself, he has called for this bull market to end too many times. I respect him, 'cause I have done that about 100 times in the last 2 years. -g- But he presented his arguments pretty well for the two puppies above. I plunged in and took a very small position in NLY. A dividend yield over 13% is just too tempting to pass. If you know there are time bombs in their holdings, let me know, would you? I want to get out before the explosion. -g-

TIA!

CYC
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