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

To: bob s who wrote (1473)	8/31/1999 8:26:00 PM
From: zebraspot	Respond to of 2561

AIC and CAX to (re)merge: biz.yahoo.com Oh, well...another "strategic" merger without a premium - about as much fun as having sex without kissing.

To: bob s who wrote (1473)	8/31/1999 9:33:00 PM
From: Richard Barron	Read Replies (2) \| Respond to of 2561

bob, I love GLB and is one of my 5 largest positions, including the preferreds. They sold off their hotels 2 years ago, before the sector got hit, and I like the buyback strategy when prices are so low. This should expand FFO by an additional 3-6% if they can buy back enough shares under 17. zebraspot, AIC already owned 27% of CAX and they have shared employees and CAX was recently buying shares of AIC and they announced a likely merger, so it makes since that they are merging without a premium. Incredible turnaround for the $RMS during the last 4 hours of trading. There was also a large gap at the close. Tomorrow should show whether this is the start of a bounce, or just End Of Month window dressing. Many, Many REITs closed with buys of 10,000 shares or more blocks. I hope this is the start of something good. Richard