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  • analyst112 analyst112 Jul 13, 2011 9:47 AM Flag

    Stock Offering!!!

    preferred is rock solid--now lots of equity. Yields will move down to 7% making D preferred $23.10. Common is also now a great buy at 8.3% yield. Divvy well covered at $.84 of FFO and 4.50 divvy. Stock will go right back to $25.50 after this institutional churning.