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Colonial Properties Trust Message Board

  • SKELLY36 SKELLY36 Apr 19, 2005 2:12 PM Flag

    "New Member"....

    Good Afternoon....

    My shares have been converted to "CLP"....

    I have not followed this particular security in the past but will have to become familiar with it....

    Any "analysis" information would be appreciated by the current "LONG TERM" holders of CLP....

    A lot of us retiree's only invest in distribution and dividend paying securities [after retiree board discussions], and since this security is not currently meeting our R72 requirements, a close look is in order....

    Thanks in advance,
    Eddy

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    • I would give HPI two thumbs down because:

      1.) No divy increases on record and
      2.) They cut the divy the beginning of this year

      Based on previous performance you can expect two things from HPI in the future: smaller dividends and a lower stock price.

    • I don't have a good stock screener I can recommend. I use Yahoo, MSN, and several others. I'm always interested in learning about well managed companies or funds with abover average yields. I like CLP and believe I'll get some stock appreciation as well as the divvys with the company

      I like HPI but also like and own NZX, PTY, ERC, KMP, IGR and a few others. You may want to check them out. If there are any of a similar nature that you like and own, please let me know. TIA

    • etsdad,

      Checked out HPI -- it looks pretty good.

      Just curious, do you have a good screener you can recommend for finding these high-dividend funds? They don't show up on the Yahoo screener or the MSN screener.

    • Good Morning....

      A lot of us retiree's track a lot of "DIFFERENT" investments with potential [still unbought but under current and on-going analysis]....

      With that said, April 15th has rolled around and "NORMALLY" the big boys leave town with all their money from the winter months and don't normally return until 10/30 [based on past experiences]. Based on this, a lot of us are absent from our every-day activities....

      A lot of us just monitor the securities we have and watch during these absentee months and look for investments that are considered "BARGAINS" [and possibly a possible steal] for the "LONG TERM"....

      Recently, our KRT [unfollowed by investors and analysts] old buy at 10.79 [many years ago when no one was interested] has recently given us a buyout situation at >23. Buying in on our Sector #30 of TCR [now converted to Col Prop Trst] and AEC when apartments were out of favor [and believed totally undervalued by many of us retiree's at our time of discussion and buy at 8.24/6.14 respectively] have given us good dividends since our buys....

      HPI looks interesting with its current "DISCOUNTY" of -10.83% and a dividend >8% but a few of us have had DDF and DGF for "MANY" "MANY" years now [in Sector #13]. Both started out at $15 and paid $1.50 annually [have gone downhill since then but....]. Both of these are "NOT" good current buys but considering that most of us have already reached "level-1" [or much better] on R72 [Rule of 72] on these investments, it doesn't make much sense to currently sell/buy something else [being "Long Term" oriented as "BUY/HOLD"] IMHO....

      http://stockcharts.com/webcgi/perf.html?HPI,DDF,DGF

      Hope I helped a little....

      Live Long and Prosper....
      Eddy

    • What are your R72 requirements?

      This stock is meeting my dividend growth requirements.

    • Good Evening....

      Your quick and basic education can be found on the website www.cefa.com....

      CEF stands for "Closed End Fund" which is similar to a "Mutual Fund" BUT they trade on the exchange every day and the market price changes with their individual activity. Since most CEF's have limited shares, any volume trade [buy/sell] may have a immediate "TEMPORARY" impact on the CEF in question....

      Since most CEF's have "FIXED" amount of shares [shares issued and none futher issued except with Rights Offerings] they are not advertised [like other open-ended mutual funds which are always issuing new shares with the money being received]....

      Since market forces drive the market prices, the NAV [net asset value] can vary and causes the discount/premium factor.....

      Most of what we [retiree's] invest in run between 8-11% distributions yearly....

      Discount/premiums are very "DIFFICULT" to understand andf comprehend unless you are a somewhat seasoned investor into CEF's....

      Keep in mind that if a CEF has a market price and NAV going "DOWN" together, the discount or premium factor might not change much. Understanding "WHY" the discount or premium might remain the same is a whole other "extensive" discussion....

      As for the 14% discount item, some funds may have a investor "BIAS" to it. That is, many investors might believe the market is "OVERVALUED" [when considering the Reit sector] and getting out before the "NAV" declines....

      There are many "DIFFERENT" types of CEF's and most of us follow the "distribution" ones....

      The wall street journal, on Mondays, carries the complete CEF tables by catagory [bonds,equity,prefrd's, Mtg, etc]....

      Hope I helped a little....

      Live Long and Prosper....
      Eddy

    • Eddy, could you provide any ereit's that meet your guidelines in order that some comparative analysis could be made?

      • 1 Reply to hajohn08
      • Good Afternoon....

        I'll run the data for you through Hal over the weekend....

        I'll post the results on Monday for you or you can use my e-mail [see my ID] for receiving the analysis data....

        Keep in mind that a lot of us retiree's bought our "Sectors" [involving "Reit's} when the Reit's were out of favor. In TCR's case, we bought into that particular sector when everyone was "buying" houses and the total rental market went south [putting our Sector #30 as undervalued in that time period and where we found TCR and AEC at the time of analysis and buy after group discussion]....

        Reit's [IMHO] remain mostly overvalued because of the run-up in market prices attached to rising "property values" of the property the Reit's sit on. This could change....

        Live Long and Prosper....
        Eddy