Comments on: RANDOM THOUGHTS BY TPC http://pragcap.com/random-thoughts-by-tpc-2 Sat, 26 May 2012 02:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Onlooker http://pragcap.com/random-thoughts-by-tpc-2/comment-page-1#comment-4325 Onlooker Thu, 06 Aug 2009 15:22:24 +0000 http://pragcap.com/?p=7187#comment-4325 The REITs are indeed a puzzling phenomena. We all know the headwinds they face. They were sold down very hard from their all time highs, no doubt. But surely they weren't sold down so far that they should be up almost 100% from their lows. I have no idea how to value them at this point, so I'll stay away, short or long, unless we see another hard sell off in the future that would take IYR down into the 20s again. It doesn't seem like this sector should make a low for the cycle before next year some time as there is plenty of trouble ahead. I'd particularly be interested in Realty Income (O) if it revisited the mid-teens. It's a conservatively managed company with low debt and good cash flow, but downward pressure on rents should hurt it in the short term. The REITs are indeed a puzzling phenomena. We all know the headwinds they face. They were sold down very hard from their all time highs, no doubt. But surely they weren’t sold down so far that they should be up almost 100% from their lows.

I have no idea how to value them at this point, so I’ll stay away, short or long, unless we see another hard sell off in the future that would take IYR down into the 20s again. It doesn’t seem like this sector should make a low for the cycle before next year some time as there is plenty of trouble ahead.

I’d particularly be interested in Realty Income (O) if it revisited the mid-teens. It’s a conservatively managed company with low debt and good cash flow, but downward pressure on rents should hurt it in the short term.

]]> By: teomax http://pragcap.com/random-thoughts-by-tpc-2/comment-page-1#comment-4304 teomax Thu, 06 Aug 2009 08:55:53 +0000 http://pragcap.com/?p=7187#comment-4304 1. If you were short yesterday did you vomit all over yourself when the market went positive at 3:30PM after having been down 100 earlier in the session? tpc, some good explanation http://evilspeculator.com/?p=9787 1. If you were short yesterday did you vomit all over yourself when the market went positive at 3:30PM after having been down 100 earlier in the session?

tpc, some good explanation
http://evilspeculator.com/?p=9787

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