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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?


To: James Kibler who wrote (1423)8/2/1999 4:53:00 PM
From: Richard Barron  Read Replies (1) | Respond to of 2561
 
Jim,
All of these analysts are very short term oriented, which may be part of their job. To this effect, it is probably wise for HIW and others to buy back their stock when selling assets that won't have to be redeployed, since they are unlikely to get a 12-13%+ return, which they will when they buy back stock that pays a 10% dividend and a FFO yield of 14% (FFO multiple of 7).
Some higher quality large cap REITs that have pulled way back into buying range include EQR, which should have strong support if it gets down to 40, and EOP, which is likely to stay above the current 24-1/2 support line.
I'm happy to have got into KIDE, but I wish they would clarify what % of the gross they get on all these deals they keep announcing, as well as on the Southpark movie. For all I know, it could triple from here, or be worth only 1/2 of it's current price. Most 5-10 year olds here are very aware of Pokemon, and collecting the cards as well as other items.
Richard