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Mid-America Apartment Communities Inc. Message Board

  • merryledel merryledel Feb 9, 2003 1:10 PM Flag

    near term prospects

    One of my concerns was falling FFOs and the possibility that dividends would be cut (not necessarily by MAA). I would rather wait and see for a while. But maybe buy on a sharp price drop.

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    • Last quarter or so. MAA has dropped when peers reported weak results and outlooks, and it turned out to be a good buying opportunity, since MAA, in turn, came through with decent results.

      That's the kind of buying opportunity I was hoping for this month, though, it seems like the peers' results are coming more in-line with expectations(due to much reduced expectations), so the opportunity may not present itself this quarter.

      But, a few times a year, this stock seems to dip down into the lower 20s, and it may very well do so again. I bought a lot last Oct. - in fact, I margined to buy it, to take advantage of the spread between margin rates and MAA's 10% yield.

      Let's hope we get a chance to buy some really, really cheap (on some non-MAA bad news event, of course!).

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