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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 (543)12/18/1997 8:49:00 PM
From: Richard Barron  Respond to of 2561
 
Peter,
HOT took off today. AGT was up also. I bought AGT at 25-3/4 and am upset that I didn't buy more under 25 when I saw the panic selloff, but I'm out of town for a few weeks, so I don't mind not watching the rollercoaster that looks like it has more downside. I think AGT is dirt cheap and will trade at 29 minimum a year from now if they have $2.90 FFO, unless a recession is apparent. If the Asian problems cause problems here, Greenspan may have to lower rates in 6-12 months which would help most REIT's. It may trade below 25, but I will be surprised if it does so for long.

To All:
Have a great holiday season and Happy New Year.
Richard