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Franklin Street Properties Corp. Message Board

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  • texasbroker2000 texasbroker2000 May 9, 2008 11:56 AM Flag

    Is $12 far behind?

    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.

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    • Thanks for sharing your strategy, I believe it is very sound. I agree that the stock will most likely present several more buying opportunities, with wide ranges.

      I would really like to see more institutional ownership, and I believe that may be the foundation for the run-up you envision to exceed previous highs.

      Good luck & and I think this is a great investment for retirement portfolios and own it in mine as well.

11.41-0.04(-0.35%)May 31 4:00 PMEDT