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

To: Cogito Ergo Sum who wrote (2873)	3/16/2002 12:24:19 PM
From: Marc Fortier	Read Replies (2) \| Respond to of 11633

Hi Kastel, I bought PWI at $7.15 in October or November (I would have to check to make sure). I reinvested the distributions through my broker's DRIP until last month. From now on, I elected to pocket the cash each month. Why? First of all because I want to pay down some little debt on my margin. I would not say that the shares are not attractive at the current price, but I had to allocate the cash somehow, and paying the debt was the best strategy for me right now. I also hold REI, AET an HOT, all bought this fall after September 11. They are all doing well, and as long as their respective management don't start fooling around I guess that I should do well keeping them safely for my older years. One thing that is bothering me right now, however, is that REITs and Royalties of all kinds are sprouting like "de la mauvaise herbe" these days. There aren't one week when you don't hear that some outfit wants to become a Trust or something distributing its cash flow. Soon we will see Mom & Pop's gas station as the next big thing! Well, I don't like that at all. IMO, there is a big risk that many of these new trusts won't be of the highest quality. It's easy to forecast what will happen: some will collapse, that's almost written on the wall. I just hope that that whole sector won't suffer afterwards. MF