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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: bill who wrote (2000)11/17/2001 11:51:55 PM
From: Goldberry  Read Replies (2) | Respond to of 11633
 
From everything I have seen the Eatons centre is doing okay. Prime time shopping there is daytime and Saturday and Sunday and every holiday because they are designated a tourist attraction. The ReITS have done quite well but unless one has a lower cost base and Peter P's penchant for buy and hold IMO it is time to be careful with these as they will probably come off in price should interests even sniff about going back up. I have recently reduced my holdings in Riocan ( unfortuately to early) and sold my Summit and half of my Morguard. I was lucky enough to predict the new issue by H & R back in late Sept and had sold half my holdings but repurchased these on the new issue. I am ready to pull the trigger and sell this latest purchase to bring my holdings down to a core position in H & R. I have been replacing the REITs with the new Pembina Pipelines issue both the units and bonds and some Clublink convertible debentures along with the nibbling at the oil trusts (which I regret as I now think we may have another 10-20% drop before we get near the bottom)