I just read the Street.com article on REITs It was pretty negative for the most part. Most of the Roundtable panelists agreed that the near term prospects for REITS are not too rosy. One panelist said (paraphrased), "If REIts are doing this poorly in a strong economy wait until a downturn." One panelist had something positive to say about MHX:
Jim Grissett likes Meristar Hospitality (MHX:NYSE), a downtrodden hotel REIT he holds in his portfolio, for investors with a long-term horizon.
MMH has broken out to the upside. There was some HUGE blocks on Tuesday of 300,000 and 250,000 shares at $3. Over 700,000 shares traded that day. The previous day the volume was over 250,000 shares. Yesterday, there were three blocks of 24,000, 25,000 and 20,000 shares traded again at $3 or higher. Someone is accumulating shares.