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

To: Grommit who wrote (53451)	2/18/2014 11:54:45 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78672

Re FSP - thanks for your opinion. I read the the two last CC transcripts and felt that analyst did not see, tolike management too much. There was also somewhat veiled critique about the increased leverage from property acquisitions, as well as questions about an equity raise, which management did not fully address, imo. I might be reading tok much between the lines, though, the headline numbers look OK. I do think that FSP might have to raise some equity soon, which would be a good time to get in.

To: Grommit who wrote (53451)	2/5/2021 2:08:38 PM
From: E_K_S	1 Recommendation Recommended By The_Commodore Read Replies (2) \| Respond to of 78672

made a few more Buys in FSP at $4.16/share. Compared to other REITs this has a low debt/equity at 1.31, pays an 8.8% div and their 5 largest market are located in Atlanta, Dallas, Denver, Houston, and Minneapolis. The negative is management flips many of their properties (perhaps to 'juice' their returns). So they may be long on office space in Silicon Valley & San Diego. I trust them since they probably have an inside group they deal with. -------------------------------------------------- I peeled off 13% of LXP and 5% of FPI to cover FSP Buys, raising my div to 8.8% from 4% and 1.8% respectively. I maintain a basket of REITs and look at the blended dividend vs leveraged debt of the Reits. Also, I try to keep the mix of properties types as buying/selling opportunities present themselves. EKS