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Chris B » Comments » ALX

  • Contrarians: Time to Ditch Gold, Look at REITs [View article]
    Hey Mad Hedge Fund Trader,

    What are your thoughts on SSS or EXR? Both have recent insider buys, but I suspect rents will be pressured as people dispose of their junk in the down economy.
    Feb 27 09:19 am |Rating: +1 0 |Link to Comment
  • Contrarians: Time to Ditch Gold, Look at REITs [View article]
    There are a lot of scared herd followers out there who are just trying to do what everybody else says is safe - which is inevitably what went up previously. Real estate used to be considered the safe bet and its high valuation was defended with gusto. Now it's gold, and many of the same victims of groupthink are again defending an aging trend.

    That said, there are many REITs I would never touch, such as malls and mortgages. Meanwhile, with residential, hotel, and industrial REITs, the problem is that many of these companies overpaid for properties in 2004-2008 and are stuck with higher notes than fresh competitors would have to pay. Eventually these competitors will beat them with their lower costs. I'd be interested in new REITs buying up distressed properties at pennies on the dollar, but I'd NOT be interested in taking over too-high payments by buying their established competitors.
    Feb 27 09:11 am |Rating: +6 0 |Link to Comment
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