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

To: Grommit who wrote (33566)	2/20/2009 5:53:20 PM
From: Madharry	Read Replies (1) \| Respond to of 78744

looks like others agreed with you the stock moved up nicely today. I picked up a small but equal number of shares of BAC and WFC.

To: Grommit who wrote (33566)	2/21/2009 1:52:57 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78744

Grommit -re BDN I can sleep soundly with this investment.... If I owned the common, i would not sleep well. BDN is liquidity challenged. They need to come up with about 1 Billion $ (In Y2009 & Y2010) to fund their development pipeline and maturities. Besides that occupancy is falling very fast when you annualize the QoQ drop. I do think they make a good move to sell properties and buy back their own bonds at a discount but it may be too little too late. As far as NE office REIT's are concerned, when adjusted for leverage (looking at EV versus market cap) CLI is still cheaper and has no problems with debt maturities. That said i do agree that the BDN preferred looks interesting.