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First Potomac Realty Trust Message Board

  • PaintedBlk PaintedBlk Jul 26, 2012 5:50 PM Flag

    New Long

    Greetings fellow longs. I've been in and out of FPO, I think 5x this year. In spite of the fairly steady down trend, I managed to make a few bucks each time. Today, 2 hours prior to the earnings release, with the intent to hold long-term (for the 1st time ever), I parked a small chunk of FPO in my SEP-IRA account. I suspected some decent news, certainly something better than the street has us believing.
    I could be wrong, and it wouldn't be the 1st time, but the quarterly report looks pretty decent to me. A positive surprise, and tangible attempts to improve & document their accounting.
    With FPO very close to it's yearly low today, (I bought at $11.16), and the dividend being over 7% now, I think that we should start seeing an nominal upswing in the share price from here. Nothing to write home about, but I'm good with $12 by year's end, which would give me a respectable 15% return in 12 months. If Dear Leader is re-elected, $13 is definitely possible.
    Anyway, good luck to all the longs of FPO, and I hope the quarterly report is received as well as I hope it is.

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11.62+0.06(+0.52%)Nov 27 1:01 PMEST