Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (6812)	9/4/1998 5:59:00 PM
From: HoodBuilder	Read Replies (1) \| Respond to of 34809

Al, funny you mentioned the REITs. I added to an already large position today as my favorite (PEI) in now paying a 9.7% dividend. This is a very conservatively run Trust and the $1.88 on a 19.25 stock is almost a crime. The REITS have been battered with the rest of the market but be careful there are plenty that have high exposure to a RE market softening, particularly the "NEWER" issues, like Equity Office,Liberty Property Trust and Brandywine R.T. I mention these because they have a substantial presence here in Philadelphia and as a commercial broker I can tell you they are paying too much for inventory. I don't mind selling them product at rediculously low cap rates but I wouldn't buy them with your money. PEI ,OTOH is decades old and concentrate on sun belt multi family and shopping center/mall properties. The P&F chart on PEI looks terrible but having owned this stock for years and years I feel comfortable buying at this historic low level Do your own research and make your own decisions.

To: Al Serrao who wrote (6812)	9/4/1998 6:10:00 PM
From: james ball	Read Replies (2) \| Respond to of 34809

Al, Now that REIT's are at a very low point they are a good value. The last opportunity to buy them was May 1995. It is interesting to see how Wall Street ddin't want any part of them then but when the bullish percent exceeded 80% they couldn't get enough of them. I think you can buy them now. Realestate runs on money, "show me the money" and it is sloshing around this economy at levels not seen since 1939 and 1970 respectively. To get a feel for what is beginning to happen with gold go to drudgereport.com and go to Bob Novak, read his most recent article concerning KEMP and gold. You will hear much more of this to come. Tom D