Frogman

Are REIT's Fairly Valued?

Huge insider selling on these REITS (days/weeks ago)...HORRIBLE balance sheets..ex: check out GGP ...further dilutive activity because of the freeze in credit markets...REITS issuing more stock (article WSJ yesterday) they have not taken any impairments (inevitable) (check out the MIT Index of Commercial RE Index)
....lending has not come back and count on tighter restriction more equity........I have not seen an opportunity like this in a long time....risk/reward is there....pay more attention to ROA...

I own SRS and adding to position here...