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

To: E_K_S who wrote (33725)	3/6/2009 8:52:11 PM
From: Tapcon	2 Recommendations Read Replies (2) \| Respond to of 78751

EKS, I'm wondering if this downgrade of REITs today marked a bottom, or close to it. I've been watching several REITs closely since Marty Cohen's Feb 2 Barron's article identified some of his favs that he thought would survive. Talk about bad timing on his part! Here are the Friday Jan 30 prices in the Feb.2nd article with today's Mar. 6th closing prices in (): SPG 44.44 (26.19) BXP 44.26 (31.73) AVB 54.68 (42.14) MAC 15.85 (7.17) DDR 4.81 (1.52) Several of these hit a 52-week low today before rallying strongly on very heavy volume, most notably AVB which touched 38.34 before closing at 42.14 on almost double avg. volume. In the article, Cohen said: "I have never seen REITs cheaper than they are today. The three largest REITs I recommend are SPG, BXP and AVB...all three are well-capitalized, in the S&P500, extremely well managed, well positioned from a property standpoint and with a lot of capital so they aren't going to be caught in a liquidity crunch." He did identify MAC as in a group with greater financial and operating leverage, and noted there is no guarantee they will make it through hard times. DDR he put in the same class.