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To: David Semoreson who wrote (81359)9/12/2003 11:04:07 AM
From: reaper  Respond to of 209892
 
David, the long Kimco doesn't stand on its own; it is as part of a portfolio that it makes sense. i am short a handful of mortgage REITs, for reasons that i have articulated. that said, i'm not a big fan of being naked short, so i am long some property REITs, which i feel on a relative basis are under-valued, as an offset.

Cheers