Jim,
I agree that SUS is a great deal here under normal circumstances, and probably under these. The list of range buys is so long, that we are either near the end of capitulation, or it's just getting ugly, ugly, ugly.
I already bought GRT and GLB for the dividends.
Here's a list of REITs trading near, at, or below recent trading ranges, with many going ex-dividend soon.
ADC, AEC, AER, AIC, AIV, AMB, ARI, BDN, BED, BNP, BTR, CARS, CAX, CBL, CCG, CEI, CLI, CNT, CPV, CRE, CRRR, CWN, DDR, DRE, EGP, EOP, EPR, FCH, FRT, GGP, GLB, GRT, GTA, GVE, HCN, HMT, HPT, HRP, HUMP, IND, JAMS, JPR, KE, KIM***, KPA, KPT, LXP, MAC, MHX, MLS, MSW, MT, NHR, NXL, PAG, PEI, PLD, PRT, PZN, RA, REA, REG, RFS, RSE, SKT, SPT, SPG, SPK, SUS, TARR, TCO, TCR, TEE, UBP, UHT, UIRT, USV, WEA, WRE, WXH
When the list gets this long, I usually sit back and wait for a strong bottoming pattern. REITs have outperformed the Dow for a few days, but no one is accumulating much yet.
For those that like darlings at bottom fishing levels, AIV, EOP and KIM should be considered for core positions. These 3 are off 10% or more from the highs, but are even or up from a year ago, while most REITs are down from a year ago.
Richard |
