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

To: Jurgis Bekepuris who wrote (50776)	2/4/2013 11:30:06 PM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78451

Good to know that some agree with me. VSTN.AS indeed looks cheap based on book value, and it seems that these book value are roughly equal to the current NAV as well (they sold some properties about flat). Forsome reason, the dutch REITs trade at large discounts to NAV, while REITs in Germany are mostly flat and in the US mostly above, as far as I can tell. In the competitors group in the link below is another one that I am interested in Wereldhave (WHA.AS), which has been in business for quite some time. a quick review shows NAV of ~70Euro which is an almost 30% to the current shareprice. I believe that WHA may be a bit better managed than VSTN and has an even lower leverage of 41% (all from memory, check my numbers). Dividend yield close to 10%... google.com That said, I purchased a bit more VSTN.AS today. If I were to pick a sector that is likely to yield outsized returns, it's probably real estate. Now most US stocks had already a great run but one can still pick up stuff like VSTN.AS on the fringes. Anyways, that is what I am going to do.