Tuesday, April 28, 2009
Busy Day For REIT Analysts
Or at least for the ones that are still getting paid. Two more price target increases courtesy of Merrill Lynch, first SL Green, which "beat on one-time items", and second for AMB, which is "well positioned to weather the storm." With all the ML equity raises done on the past 3 weeks, aren't all REITs perfectly positioned to weather the storm? Oh wait, now that they will all survive post 2010, you will instead see a massive race to the bottom chasing the 3 retail tenants that have not gone bankrupt yet. About as smart as sneezing in the rush hour 6 train.
Who knows, maybe one can squeeze out a few last nickels out of this REIT rally.
Who knows, maybe one can squeeze out a few last nickels out of this REIT rally.
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