Sometimes a signal is sent to reduce positions in certain market segments. Certainly REITs have seen that signal fired. LXP seems to be bearing more than their fair share of sells. Not really sure why, except said signals must have them rated lower than more glamorous stocks, perhaps because of the sub-$10 price. We need to exploit this market inefficiency.
Still trying to understand this drop, i have been adding heavily to my position but the rest of the market seems to be running for the hills.
I have watched this drop for the last 2 months and have added to my position with each $.25 decline; I now own over 20,000 shares. I can't figure out what is wrong with the stock. The circumspect prognosis by Eglin in March was only a couple cents lower than LXP had been projecting several months earlier; the properties that LXP purchased in the first quarter should be accretive to earnings immediately and the dividend should be increased by the end of the second quarter. Even without a dividend increase the yield is nearly 7.2% and if the dividend is raised $0.02 per quarter the yield will be 8%. The point is that the company can do this easily with FFO that we currently have. If the yield stayed at 7.2% with an increase in dividend it indicates a price of $10.56. What's wrong?
Really? Why don't you read his SA article #99 where he talks about how much he lost in some real estate ventures. He was getting bashed by some posters because he did not own any stocks, so he had to explain some of his background and why he did not own any.
Correcting falsehoods does not equate to being "upset". Now you're saying he doesn't claim to be an investor other than his "model portfolio wannabees". Well, you're wrong again. At the beginning of each article he writes: "The author is long", followed by a long list of stock symbols. So yes, he does "claim to be an investor" and he tells you what stocks he owns. Where do you get the idea that the list of stocks is a "model portfolio"?
Meanwhile, still waiting for your evidence that "he probably gets paid well from the companies he promotes". As a matter of fact he disclaims receiving any compensation other than the fee for writing the article. Back up your claim or admit you made it up.
Well gee, who does have a magic wand? And who ever said Brad Thomas had one? Straw man argument - - refuting a position that nobody took, ever.
Thomas was a holder of ARCP before the fall which effectively sends a buy signal to his audience...I am not interested in bashing him, just want to let it be known that he has no magic wand.
Looks like I got the brad thomas fan club all upset,guess what he is a blogger and a real estate broker,as far as I know he doesn't claim to be an invester other than his model portfolios wannabees
On April 6, he said he was concerned about LXP's performance but was holding for now. Hardly an expression of "love". The original poster said Thomas "loves" LXP. I took issue with that term and the rest of what I considered a stupid and defamatory post.
Thomas owns a lot of REITS but does not hesitate to point out flaws or risks even in stocks he owns.
I do not recall him recommending ARCP before it crashed. I recall him being very leery of it.
At any rate, stop the nonsense about him getting paid off by companies to recommend their stocks. That's absurd. Of course, if anyone has evidence of that happening, post it here. Don't spew libel behind your anonymous screen name. And he's not "just a blogger", unless you think he's lying about his holdings. Again, absurd.
jidly,thomas doesn't have a pot compared to me and many. He is a blogger,he spouts garbage and his last blog about lxp was a buy. He picks and chooses his reits to compare his favorites too,does he have a brain,YES does he know reits YES,is he bias, YES,
The last yes wrecks his credibility,going further,LXP hit a new low and couldn't even get a decent bounce off of it,what will happen when rates rise above zero. When a reit can't do better with zero how are they going to preform at higher rates
I saw him giving his stamp of approval on ARCP before the fall...Thomas info is like any other info, to be given its appropriate weighting (not the last word for sure) and no more.
I didn't say it was a buy. I said interest rates aren't rising. At some point, however, even a REIT that isn't growing FFO becomes a buy if it gets oversold. Think of it as a bond. Interest rates will have to rise quite a lot to compete with 6.5% or 7% yield on a REIT.
Hilarious. That "idiot" has made more money in real estate than you and all your ancestors have made since the beginning of recorded history.
By the way, last time he had anything to say about LXP, I didn't see a whole lot of love. Where are you reading this? Or did you just jerk it out of your lower colon?
The exalted idiot on SA loves LXP, he is a loser without a brain but he probably gets paid well from the companies he promotes.
Sooner than later a company has to live up to their expectations,LXP isn't one of them