Re: only because you asked
Dear buddy:
I have been in the business long enough to know that you don’t need 99.99% of what financial “advisors” or what Wall Street firms are selling.
You haven’t figured that out yet.
Case in point – you asked me about RITs and I had no idea what you were talking about until we established you were inquiring about REITs. Yes, I’ve dealt with REIT securities – but how could you even consider investing in your precious “RITs” when you don’t understand them as a real estate entity listed on the exchange?
Seems foolish to me but to satisfy your curiosity here we go:
Top five companies in the Mortgage REITs industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.
RAIT Financial Trust (NYSE:RAS) has a price to book ratio of 0.2x based on a current price of $1.33 and a book value per share of $7.69.
iStar Financial (NYSE:SFI) has a price to book ratio of 0.2x based on a current price of $3.55 and a book value per share of $19.24.
NorthStar Realty Finance (NYSE:NRF) has a price to book ratio of 0.2x based on a current price of $3.14 and a book value per share of $15.85.
Arbor Realty Trust (NYSE:ABR) has a price to book ratio of 0.5x based on a current price of $4.68 and a book value per share of $9.46.
BRT Realty Trust (NYSE:BRT) has a price to book ratio of 0.6x based on a current price of $5.31 and a book value per share of $9.14.
SmarTrend is bearish on shares of RAS and submitted an alert to Sell on May 13, 2010 at $3.12. The stock price declined 57% since the alert was issued.
Let’s talk about more interesting things besides gambling – investing is not of those things for you. Case in point: I recommended MCD to you when it was between $13 to $14 per share. You said you had enough. I said empty out the bank account and buy 1,000 to 10,000 shares because you can never have enough at the best possible price. As it turned out – the share price never dipped beyond that point. It was the safest point of entry – by luck – admittedly. The share price went up over 100 percent in less than a year trading in a range of $30 to $35 and finally around the middle of 2006 the price increased beyond $35. In the middle of 1997 when I was touting MCD it was priced around $40 to $45, then went to $90 and split and did nothing for the longest time (tech stocks were in favor).
Today MCD trades at $73 per share.
Today Argus raised the McDonald’s Target Price To $84 On Stronger-Than-Expected $$$ (MCD)
So, let’s stick to media – everyday has a different kind of potential in media. Work on your media assets, not gambling in the markets.