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

To: Freedom Fighter who wrote (9352)12/18/1999 7:18:00 AM
From: Wallace Rivers  Read Replies (1) | Respond to of 78510
 
From what I understand, it's not rumor, rather fact. As I stated previously, I was lucky (not smart) to have picked this one in the last couple of weeks. Seemed relatively mundane business, after having had wild rides with the hotel REITs. Shortly after first purchase, the dividend was increased. I also liked its big cap, seasoned characteristics.



To: Freedom Fighter who wrote (9352)12/21/1999 9:07:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 78510
 
Hi Wayne, Re: FR

I bought this during the last economic downturn when Merrill Lynch brought it to market. I sold it a couple of years ago around $36. When I owned it the management was doing a good job and gave me some nice non-taxable income.

I like to buy reits during a recession when the street does not want anything to do with them and rents are dirt cheap.

Joan


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