QUOTE(JinXXX @ Aug 12 2010, 04:44 PM)
yeah true.. but then there is a limit abt hw low it can go...
apart from that REIT i dont think can bankrupt.. unlike other normal stocks.. as
its a sort of TRUST FUND...
For overseas reit, it did.
Some reit under high leveraged one, failed to get refinancing, need to fire-sale their properties at the wrong time, and liquidating.
Yes, if reit is low or no leverage, it won't and shouldn't bankrupt, but no reit can perform well without some sort of leverage especially during good time.
Without some leverage, reit may only can give you 3-4% only. You want this kind of yield?
There is a lot of fear when it reached 1.00.
Even I managed to buy some at 1.00 and queued somemore at 0.99, 0.98 etc, I still expected it may go lower than 0.90.
It is easier when look back, but on real time or with it happening in front on your face, and worldwide is crashing, fear of severe recession, deflation, which corporate may close shop etc. so many negative issue around, your "feel" and sentiment is different.
At that time, even convert some Rm to AUD only Rm2.30-2.40.
It is always easier when look back but not the case when it is happening real time.
Just like Axreit now is RM2.05, should buy or sell?
Me also don't know.