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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (8011)	8/12/1999 6:08:00 PM
From: Mike 2.0	Read Replies (1) \| Respond to of 78822

Bob, I followed your HRP link to your interesting post on the REIT thread. My questions are: (1) Do you think the SNH shares will fall fairly quickly as HRPT shareholders simply choose to dispose of the distributed shares of this spin off? (2) HRPT is spinning off 51% of its senior housing business. Will that be enough of a spinoff to change HRPT's "identity"? If not, the risk is the dividend yield stays near current levels, continues to be valued as a healthcare REIT with a similar yield. Worse case, the market does not "revalue" HRPT, and the market simply maintains a similar dividend yield, the price would = 1.24/say 11% = $11.27. Seems like that is the real risk...good luck