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


To: Wallace Rivers who wrote (21858)8/8/2005 2:58:37 PM
From: Paul Kern  Read Replies (1) | Respond to of 78667
 
RTU has that falling knife look. Is your health insurance paid up and does it cover stitches?

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To: Wallace Rivers who wrote (21858)8/8/2005 9:29:56 PM
From: Spekulatius  Read Replies (2) | Respond to of 78667
 
re RTU - quite a few REIT funds area trading around 15% discount to NAV. Do you realize that most of the REIT funds boost their yield with a 50% (based on equity) leverage? This really hurts when the price of the underlying assets goes down.

I would only consider buying a Closed end investment fund when i like the underlying assets. REITS had a fantastic run until; recently and trade at very rich valuations still. They would need to come down a lot (15-20% based on current valuation) before I would be interested.