What I think happens with this one is that because it's thinly traded it has a pretty broad stock price variance.
I feel that the dividend is fairly safe especially compared to other leveraged REITS. I also think that FSP is in a position to make some good buys due to their capital structure should the commercial real estate market fall. I don't think other REITS will be in that position due to debt loads...they will be the sellers.
Over the last 6 months it's traded between $11.50 and $17.50 a huge range and since I've owned it I've added to my position at $12 and lightened at $17. Since this holding is in a retirement account it's been attractive to play it that way from a tax standpoint. I plan to continue this stratedgy for 08 and will continue to hold a portion of my position indefinitely as I think the long term prospects are bright and we'll surpass the all time high of $21.50 in the next up cycle.