Colonial Properties Trust Message Board

Search
Current Board
All Boards
Advanced Search
  • Subject Message Body
  • Topics Only Topics And Messages
  • goog6543 goog6543 • Jan 5, 2005 3:48 PM Flag

    I won't be surprised if this REIT...

    and others go back to their May '04 levels because of aggressive interest rates hikes by the Feds to curtail inflation.

    I think a great entry point for CLP would be in lower 30's.

    Sort:  Newest  |  Oldest  |  Most Replied Expand all replies
    • winmore_98 winmore_98 • Jan 10, 2005 5:45 PM Flag

      The May 2004 oversold condition would be a great buying opportunity, for any good reit. The thing that seems to be driving CLP lower now appears to be the merger. I confess that I sold my position. While I understand the argument for apartments it just seems Cornerstone is weakening the original balanced concept CLP had that I once liked.

      • 1 Reply to winmore_98
      • etsdad2001 etsdad2001 • Jan 13, 2005 11:38 AM Flag

        The acquisition of TCR changes significantly the balance of their business model and introduces uncertainty. Having said that, they bought TCR at a substantial discount to value. If they can strenghten TCR's operating performance (a big question) the acquisition could be a significant enhancement to CLP's balance sheet and the value of CLP stock. To me, that's the dilemma. I'm going to hold on for a while and see what happens.

 
CLP
24.510.11(+0.45%)May 17 4:02 PMEDT