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Prologis, Inc. Message Board

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  • turd.trader turd.trader Nov 24, 2008 7:54 PM Flag

    ProLogis could bid for Cecil after all

    Yep, bullseye!

    http://www.bizjournals.com/jacksonville/stories/2008/11/24/daily6.html

    :snip:

    Monday, November 24, 2008 - 12:43 PM EST
    ProLogis could bid for Cecil after all

    To correct a report last week, ProLogis said Monday it may bid to become the master developer of Cecil Commerce Center and is considering developing property at Cecil Field, said the company spokeswoman Mo Sheahan.

    Sheahan said she incorrectly told the Jacksonville Business Journal that ProLogis wouldn’t respond when the city puts out requests next month to develop the sprawling Westside property.

    “It’s not a definite ‘no,’” said Sheahan.

    She said the world’s largest developer, owner and manufacturer of distribution warehouses was also still in discussion with the Jacksonville Aviation Authority to develop part of the 6,000 acres available at Cecil Field.

    ----------------------------------------

    At 9:20 AM EST a 5 minute shows a break in upward trend. Had this news story not have broke we may have closed at $3.27 for a gain of 7% or $3.60 for a 20% gain.

    I'll betcha the recent windfall of unpaid dividends is what PLD is considering for the completion of the Cecil project.

    Why do I keep on picking TURDS?

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    • Over-stretched - it's more related to some funds movement less to the Cecil dev or show-me-progress (per david). Should not over-emphasize one-day's action.

      Yesterday we saw funds dumping most of the day until 3:40. The end-of-day rally did not clear out the sellers. Today is not a whole lot different, more dumping, just without the late-day surge.

      It is not shorts either, who the hell wanna short a <3 stock in such a big rally day?

      But I do see an end to it soon, maybe Wednesday will see improvement - it is just too easy to pick up the shares on the cheap. The selling are not sustainable.

    • Evidently you do that because you're short, and you continue to post the negative stuff you post because shorts think they must spread the night soil of disinformation to fertilize and grow their short positions. The turd you write about so often is gold, you hope--but only, alas, when it falls. A floater--one that doesn't sink--is not golden.

      • 1 Reply to rwidness
      • rwidness

        Not sure whom your speaking to but Turd.Trader is and has always been long and strong Prologis. This position cost me the ability to day trade and a lot of wealth but I held on through the darkest hour.

        1. Any Wall Street wizard can control this company all day long up or down, but that does not change the fact that if it goes under you'll be eating from a bean can very sparingly. Shopping Malls are #1, Apartments are #2, and industrial space is #3 according to some. IMHO industrial space is #1 because I have personally have spend 10 years looking to buy it because its zoned for prosperity, providing one has some ambition. Its locations is what I am attracted to as an investor.

        I bought this to one day sell it and to reinvest that money into the hard asset real property myself. Whip up a chart of the U.S. Dollar compare it to IYR, you will see a severe divergence over the past months and a major trend that they trend together over the past 10 years; that said, with all this Government refinance stimulus where do you suppose the dollar is headed?

        Prologis offers global diversification, steady cash flow, 11 billion in debt and the most humbling roller coaster ride I have ever been on.

        This stock will be at 20 by July 1st, 2009 while still yielding 5%, come on down!

        It aint over till the fat lady sings!

 
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