Re: Interesting individual stocks
Originally Posted by
James48843
Interesting individual stock:
Ramco Gershenson, symbol: RPT
Owns commercial real estate in multiple states. I've known a guy who works there from my days in college- he's now a VP over there. I have owned this REIT (Real Estate Investment Trust) in the past, but I do not currently own any shares.
But, that said, I can't find any reason why it has tanked as far as it has in the last week.
Can anyone take a look at it, and provide a logical reason why it is trading at $3.72?
This should be a 12-15 dollar share, no brainer. Income is still coming in, it pays a regular payout, and earns around $1.60 a share. So why is it now trading at only 2 times earnings?
RPT- You tell me- why?
Probably exaggerated speculation, but traders think the commercial real estate will come down like a house of card if we have a prolonged recession. Shopping malls will go down as retailer close up shop. Word on the street is that retailers are waiting to see the Christmas numbers and if they are bad cut, cut, cut. Office space is readily available because growth has stopped and venture capital dried up. Just look at all the lay offs in the financial sector that is freeing up office space.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
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