Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: [CANSLIM] Re. REIT
Date: Thu, 7 Nov 2002 16:34:47 EST
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I recall several days ago, someone in this forum used REITs as a proxy=20
for buying bonds/utility-stocks. =20
Well, I don't follow REITs, but today in IBD's Best Up Earning News AMC=
=20
made the list with a 46% increase in Earnings (also a 66% & 78.1% increase i=
n=20
sales and After Tax Margin, respectively).
It seems to me as if AMC is in a flat base (or middle of the trough in=20=
a=20
saucer and handle formation). The Pivot Point, I believe, would be at=20
15-15=BE, and it closed at 13.18, +=BC on about 70% ADV. The 50 DMA is a sm=
idge=20
below the 200 DMA (and both are level-falling).
The yield is a hefty 11.4%, debt is 0 and PE is only 8. (With numbers=20
like this you wonder why more institutions aren't buying REITs [funds=20
invested are only 1% of the float])
jans
=20
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