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

To: E_K_S who wrote (43741)	8/6/2011 1:55:08 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78702

>>That's a total of $307M in the upcoming 10 months. Management was not too clear about their strategy for this debt (issue a new preferred series), issue common shares (probable not share price too low) or refinance w/ senior loans. Preferreds are paying 9% for capital which is at the high end.<< Once you have to worry about debt maturities for this highly indebted REIT, it's probably not much fun holding the stock any more. MY feel is that we are on the verge of another credit dislocation - there is some of the same stuff going on then in September 2008 (money market issues) that could spell serious trouble,IMO.The US loosing the AAA credit rating falls along the same lines. When things that were considered safe,all of a sudden seem vulnerable and the folks on top helpless ( just watch Berlusconi if you want to see a real helpless looking politician),people loose confidence and runs may develop that can topple institutions. I know I am getting of topic here but I can smell the fear in the market. Anyways, I am ver concerned and have been net seller today, mostly reducing positions in regional bank stocks I own.