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

To: Grommit who wrote (50722)	1/31/2013 1:44:24 PM
From: E_K_S	Respond to of 78667

Re: DLR and several of my other Value Buys Typically when I see a value buy candidate stock mentioned on this thread (or others), I analyse what would be my buy point and then enter a GTC order. Generally emotions are out of the loop and the buy(s) get done and at a reasonable value price. If I have too much time to think it over, I generally do not buy and miss the opportunity. Thank's for your post up thread and your comments on COR, DLR and the other Cloud REITs. I came to the same conclusion you did regarding DLR but really wanted a slightly lower price. Fortunately we got that opportunity today. FWIW, CONE the other Cloud REITs I mentioned continues to sell off and is now below it's open IPO price. I like this one for a starter position around $17.00/share but their numbers are still a bit fuzzy since their current operation includes more secured leases than originally stated in the prospectus So, really it will take one year of financials to determine how this one performs vs COR and/or DLR. The growth projections on these Cloud REITs are still very good and one can get these at value prices when compared to warehouse REITs. EKS

To: Grommit who wrote (50722)	2/11/2013 9:26:10 AM
From: E_K_S	Respond to of 78667

Hi Grommit - Here is a pretty good article on DLR and what the author feels is a "value" buy. His conclusion: Digital Realty: This 'Big Dog' Barks The Loudest February 11, 2013 \| 3 comments \| about: DLR I recommend Digital Realty shares at the current price of $65.40. Digital is indeed the "big dog" of the Data Center space. In addition, Digital has a proven track record for paying and maintaining dividends, and with considerable demand for high-quality data storage, the big dog has plenty of room to run. Digital Realty barks louder than the smaller peers as the San Francisco-based REIT has a beastly dividend yield of 4.46%. But get ready; Digital Realty should be a valuable REIT companion in 2013 as I expect continued dividend increases as well as strong appreciation. I will provide a follow up post after the earnings call on February 15th. He also says CONE is a buy at $12.00/share or lower so I have lowered my GTC order for that one. My buys for DLR are 10/2011 @ $55.39 and 1/2013 @ $66.59. Also own some COR bought 6/2011 @ $16.30/share. EKS

To: Grommit who wrote (50722)	5/8/2013 6:00:28 PM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78667

Digital Realty Trust Inc. (DLR) -NYSE - Upped my position AH after a "short call" by J. Jacoboson AH: bid: $64.11/share ask: $65.70 (I paid $64.61/share) Jonathon Jacobson Ira Sohn Conference [LIVE] 5:20 PM EST: Digital Realty Trust Inc. (NYSE:DLR) is a melting ice cube says Jacobson. 5:20 PM EST: Digital Realty Trust Inc. (NYSE:DLR) is a REIT with a market cap of over $10 billion. Shares have dropped almost 5% after market. 5:22 PM EST: Price Target $20 on Digital Realty Trust Inc. (NYSE:DLR). Stock closed at $69 today. Short interest on float is around 13%. 5:23 PM EST: Digital Realty Trust Inc. (NYSE:DLR) dividend not sustainable, no moat, capex keeps going higher. Stock down 7% now. 5:24 PM EST: Competition coming in from Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT). 5:27 PM EST: Recurring capex looks like $413 million to Jacobson. Digital Realty Trust Inc. (NYSE:DLR) share recovered slightly, down 5.8% now. 5:29 PM EST: Bottom line from Jacobson Digital Realty Trust Inc. (NYSE:DLR) can’t pay dividends. ------------------------------------------------------------------------------ Stock off 6.64% so I added my shares as I see this as a buying opportunity. Could be wrong but it's about the properties they own, and the rents they can obtain. The company is levered w/ debt almost 26x net income to long term debt but the FCF is good. FFO increased 9% YoY to $4.50/share. Selling may be over done. Do not see $20.00/share as short target unless these spaces become a commodity and rates are on par w/ warehouse spaces. I would like to see the company pay down some long term debt but w/ a historical low interest rate environment, this leverage does make sense. EKS