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


To: peter michaelson who wrote (34008)4/5/2009 10:25:20 PM
From: Spekulatius  Respond to of 78782
 
re KIM -
they do have a large number of high quality assets as well. I remember for example they renovated some dumpy strip malls in SF (Daly City to be more precise) and converted them into nice community shopping centers. Since there is very little suitable land in SF, those properties now have a local moat and should do OK.

KIM stock is up to 9$+ after they offered 91.5M shares at 7$. That is a very bullish sign I have to admit even though I am somewhat bearish on REITs.