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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (474)	11/11/1997 12:36:00 AM
From: Richard Barron	Read Replies (1) \| Respond to of 2561

Peter, FFA dropped to the 24-1/2 range again so fast, that it may test the 23 support. I was surprised that no one accumulated any near 25. CLP has a lot of support at 27-3/4, and the rest at 26-3/4. It has only spend about 5 days in 1997 below 27-3/4. It's one of my favorite REIT's as they seem to have little competition from public REIT's due to their target markets. LRY has a lot of support at 25-3/4 to 26 and another line at 25. All 3 of these REIT's are good long term prospects with FFO multiples around 12 (CLP is 11) and expected FFO growth rates of 8-12% for a few years. All are currently growing over 8% and LRY's growth rate is accelerating fastest at the moment. CLI & MLS reported strong earnings today. For microcap lovers DSWLF had a great earnings report and got slammed anyways since it is a Hong Kong based stock. Revenue growth is accelerating, earnings are up nicely and the P/E is under 9 despite a recent track record of 20-25% growth in earnings and 40%+ in revenues for the last few years. I'm not sure what will happen because of Hong Kong, but it appears that they know how to run a business well and have an excellent cash position accumulating. Richard