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

To: Area51 who wrote (62362)	8/14/2019 1:30:26 PM
From: Steve Felix	Respond to of 78777

Currently holding 200 shares of PEI. Two quarters ago they defended keeping the dividend where it is because of land sales and malls coming online in the fourth quarter, to the point of getting snide with one of the questioners. Yet, with the yield as of today, 18%, no insiders have bought. Who would not buy if they knew the 18% was going to stick?

To: Area51 who wrote (62362)	8/14/2019 2:09:45 PM
From: E_K_S	Respond to of 78777

Yes, my M theory is that value is in their real estate. As long as they can keep generating FCF and not load on any more debt, they s/d survive fine. Then they can always develop/sell some of their real estate. Will put those other names on my REIT watch list; PEI & WPG Both names look pretty leveraged and div way too high. Want to avoid companies w/ too much debt. I liked M for their dividend and limited debt. Trying to by quality assets that are selling at a bargain. Anything in retail may not even fit that theme anymore w/ Amazon's reach. EKS