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Pennsylvania Real Estate Investment Trust Message Board

  • jasjks jasjks Nov 26, 2008 9:55 AM Flag

    Downgrade for Buy to Hold

    We just got downgraded. I guess the 57 percent dividend just isn't good enough for this jerk. When we get back up to 20, he will upgrade us.

    "DOWNGRADE: Pennsylvania R.E.I.T. (PEI) downgraded by Stifel Nicolaus from Buy to Hold. 11/26 09:41 AM"

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    • Yea, great advice! Look back when Stifel upgraded PEI from a hold to a buy on June 17, 2008. Guess what the PEI closing price was on June 17? How about 25.30 per share.

      "26-Nov-08 Stifel Nicolaus Downgrade Buy to Hold
      17-Jun-08 Stifel Nicolaus Upgrade Hold to Buy"

    • "DOWNGRADE: Pennsylvania R.E.I.T. (PEI) downgraded by Stifel Nicolaus from Buy to Hold. 11/26 09:41 AM"

      At least it wasn't to "sell". Stifel Nicolaus has been commenting negatively on the market for over a year now. At some point the shorts will want to take profits. Maybe they will in January.

    • My understanding is it is good point to buy more PEI. We will see it Above $5 easily.

    • Well I wouldn't worry about what Stifel Nicolaus says. I don't think too many investors pay attention to these guys anyways. S&P has PEI as a hold and a $12 price target (or something like that)....and if we got back up to $12 in the next year I'll be happy.

      Bottom line is that if PEI's malls do fairly well this CMAS and none of their major tenants go under (Macy's, Sears, JC Penny's, Boscovs, Bonton, Belk's, Coat store) then the dividend will be $2+ next year and things will be fine.

      If two of those stores close down due to very bad holidays then there will be problems next year and the stock price will struggle.

      So what the analyst is saying is fairly irrelevant. The proof is in the pudding!

 
PEI
17.26+0.56(+3.35%)Feb 12 4:02 PMEST