Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

NO FREE LUNCH!

[thenewsnake]

Its quite possible there will be another week or two of REITS trading sideways or another short-lived shakeout, but hard to see the money that tax loss dumped being able to "re buy" Dec 25-early Jan at bargain basement prices.   Any money coming in mid/late Dec and into January will be buying higher, as the savvy wall street traders are likely accumulating right now and will start the feroicious bidding up any week now....

My investing forum says weeks 2 and 3 in December is tax loss buying...right around the corner

[DZtrader]

I don't forsee significant tax loss selling in Artis this year. JMHO.

[thenewsnake]

Tax loss selling as been in effect since Sept 15 and likely responsible for the cratering of the REIT sector in Oct/Nov.  The  lazy retailers may come around to the idea now to dump something while the big boys have already sold and ready to buy back in and run it up.

[DZtrader]

I said Artis not the entire sector.

[rad10]

Why do you think that DZ?  I have held off buying more, because I was anticipating further downside.  My brokerage reinvests the distributions, it makes sense at this level.

[DZtrader]

Hey Rad, call it more of a hunch than anything. There's been a fair bit of money amassed in this name of late that won't be coming out barring any unknown disaster. Anyone holding reits that wants tax loss has a plethora of choices. Not entirely sure you take your loss on a name like Artis here now. The potential in my opinion sets up well here. Others will also participate to the upside

[rad10]

Thanks DZ. I have a diminished position in this name, and a larger position in the preferreds. I prefer Granite and HR.  Manji needs to stop dabbling in other names and focus on Artis.  Buying dream etc made little sense - when units in this name were trading at a deeper discount. All the best.

[DZtrader]

Two high quality names, I like them both too, especially Granite. I also like WPC  (U.S.), and at these levels O (also U.S.) is a great long term play. Enjoy the U.S. distributions growing. Only thing with O is they are so big hard to acheive large growth but share price has a lot of run way.

[rad10]

  good call - I doubled down on O with the recent pullback well below 50.  That sell off was way overdone.

[DZtrader]

It was not only overdone, I think the last purchase of Spirit Realty was in large part misunderstood in that O actually assumed relatively cheap debt in an otherwise still higher debt environment, in my opinion. I think they come out well on that deal. Billagio was as an interesting foray. As noted in last post, they dwell in the "law of large numbers" and it becomes harder and harder to