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

To: Richard Barron who wrote (1456)	8/23/1999 11:24:00 AM
From: Johndee	Read Replies (1) \| Respond to of 2561

Wow Richard, that was some long message. What the ---- is wrong with MT? How can they keep the Div so high with the stock at 9 5/16 I'd like to dump it. I'm 51% down on it. Thanks, Johndee

To: Richard Barron who wrote (1456)	8/24/1999 8:27:00 AM
From: bunglingbob	Read Replies (1) \| Respond to of 2561

Richard, thank you for the very helpful lesson and links. I see I have lots to learn about REITs. Thanks to your comments on the 2 stocks I mentioned, I can see that purchase decisions can not be made based on yield alone or position in the trading range. You said "The most important factor assuming good management in a REIT is consistent (Funds from operations) FFO growth." Great, that's something I think will be fairly easy to research. Something else you said that I think may be just as important of a decision factor is that "When a sector is out of favor, it is a long term buying opportunity, but short term results can look ugly" I did a little search looking for information about REIT sector performance and found a couple of interesting sites (maybe you have a better recommendation). This site has some indications on specific sectors: inrealty.com and at this site you can at least get an inference about sector performance: smartmoney.com You need to change the category to financial and then click on Real Estate. You also indicated that you have been "fairly" successful and "I do have a strategy, and most of it is either trading ranges with the REITs that I want to own, or buying just before a dividend when it a REIT is near the low end of the trading range". I guess I'm still lost concerning the details of your strategy (particularly - what happens after the dividend) and ask that you flesh that out a little more. Thanks again Richard. Your forum is very informative and I wish I could find some others that covered REITs. Bob (who really envies anyone that can make 10 - 15% more than the market)