REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: George T. March who wrote (1335)	5/9/1999 9:46:00 PM
From: Richard Barron	Read Replies (1) of 2561

George, The RMS has no real resistance now for 11-12% up to the 353 range and it peeked it's head above the 320.69 peak on Friday. There are 3 REITs left behind that are growing FFO: LFT, GLB and CEI. They all need to climb about 1/2 point to break through resistance and are 10-25% undervalued compared to their peers. LFT may be risky as it's hard to believe it's FFO is for real, but if it is, it is at least 35% undervalued. GLB is a table pounder, as they keep announcing good news, had enough cash around to start a buy back of 10% of the company, and the preferred has broken through resistance, yet GLB is only 6-7% above it's lows. CEI is punished most recently due to the 60 minute piece on the Charter Medical practices, and the S&P downgrade on their bond ratings. CEI has some pretty shrewd personnel and I personnally like the moves they have made in the last 6 months, with most of the problems having been made before that, and they are reacting swiftly and correctly. I think buying back stock when they are paying out a 10% dividend is an excellent return on spare cash, even if S&P doesn't think so. Richard

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