This is one of my beaten up REITS. It has a huge yield. Management has
indicated a likelihood of this yield continuing through 08. They did not
earn the dividend the last Q due to markdowns. It then became a prime
target for shorts driving down share price. The solvency of the company
shouldn't be in question and even should the dividend be cut in half, it
would still have a great return assuming no capital loss. I believe the
capital loss has already occurred and the stock is at a bottom. IMO, one
will likely get at least a 50% cap gain plus the dividend over the next
year. A large ****tion of their income comes from the health care sector.
REITS in the health care sector command a much larger P/E. They are
considering spinning off this ****tion of the business in order to increase
shareholder value.
--
Jerry
