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

To: anializer who wrote (34488)	5/15/2009 12:06:09 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78748

With ARE a buyer now is getting Ken Heebner and his CGM fund's largest holding in office/industrial reit sector. The positive is Mr. Heebner's track record for picking stocks. The negative is that Mr. Heebner, when he decides, can and does close his positions super super fast sometimes, and right now according to Yahoo, he's holding 3% of the outstanding shares.

To: anializer who wrote (34488)	5/16/2009 12:03:50 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78748

I purchased some ARE for a couple of reasons" 1) Stock is near lows. This attracts me like flies are attracted to a dungpile 2) Secondary issued at a higher price 38.25$ than the stocks currently is trading. i found that unless fundamentals really deteriorate the secondary price acts like a magnet and the stock tends to go back to that price. 3) Most Reits have done well after secondaries 4) ARE is in a specialized sector that is somewhat insulated from economic woes (lab space for health care) 5) No refinancing risk until 2011 (but significant one in 2012) ) So far strong fundamentals (occupancy, Same store rents). Seems like a decent bet to me at this point.We will see.If ARE breaks below 30$, all bets are off from a technical pijt nof view though.