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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Judith Malley M who wrote (576)	1/11/1998 10:51:00 PM
From: Richard Barron	Read Replies (1) \| Respond to of 2561

Judith, With $600,000 of insider purchases on ENN at 15-1/16, I feel comfortable. It's high is around 16-1/4 so I'll sell 2/3 my position around 16 if given the chance. They have a low FFO multiple around 11, with a huge growth rate around 20%, but I'm only looking for 7-10% to make sure the security is still underpriced. Hotels scare me for a while until HOT and PAH turn up. When the selling pressure eases up, the stock should rebound to 15 within days. The selling pressure may last 1-5 more days. Friday I bought PAH at 26-7/8 and SSI at 15 when it looked like they were putting in bottoms. I also bought some DDR at 37. I like the management at all 3 of these and feel safer with DDR since it isn;t in hotels. Richard