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Raymond James Discusses "Growthyness" Of REITs
RJ analyst Paul Puryear creates new words to describe his enthusiasm. Objectivity and OED butchering ensues, and even Mark Haynes is confused.
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I am shocked that they the companies he is pushing are investment banking clients of RJ.
"Leverage to economic growth a few weeks down the road" - growthy indeed.....
Yes indeed, quite shocking that they have Buy ratings on their investment banking clients.
Lizzy: Don't be surprised its Mark Swig Haines! ;-)
Puryear is probably the most objective Analyst in the sector. He pointed out some defensive REIT names and said he was cautious on the sector. Anyone who understands Corporate Office and Digital would agree that they have unique characteristics that make them less susceptible to general economic trends right now. I wouldn't personally be a buyer but if you had to buy a REIT (like many institutions) those would be on my list.
is Puryear really Uniquineth? - I mean in the true sense of the queens english ?
Its a rough game balancing a bearish macro view and the hopes that we are successful
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
HA, not going to see this reflected in the earnings for another year he says. So to say buy now is to say that he doesn't see any time in the next 12 months where the price would be more favorable. It reminds me of the bubble years when analysts would say things like "if you liked this stock at $20, its a real steal at $40."
I think that from now on CNBC should include in their "disclosure" box how many trading days were profitable for the guest's Firm during the previous quarter.
For Goldman that would be 61 out of 63.
You can trust them. They smart.
RJ - crooks!
I personally watched them operate pump and dump scams in Florida running up to the 1987 crash. In fact, these buy recommendations are a good leading indicator that another crash is imminent.
Extending TALF for the benefit of REITS is wrong headed and just plain stupid. Someone has to lose money, and our goverment has decided to let the small mom and pop stores take the brunt of the losses. If you lease a space and can no longer pay the full rent, or need to renegotiate just to stay in business, TALF will give a REIT no incentive to do that and store closings will accelerate. Goverment has their back so why should they lower their rents and mess up their perfect mathematical formulas that show on paper what smart business people they are. REIT's will crumble in a huge mess of stupidity and greed.
I don't know. The depressioniness of the current economic environment has elevated my concerniness over REITs.
The truthy-ness is they need you to buy their stuff in order to get paid. Otherwise, they might experience unemployment-ee-ness.
I'm surprised the blow hard did not start laughing at the word he just made up. They say just about anything out of their mouths to sale what they need to sale.
If GS, PPT, etc are So Damn Powerful - please explain why They allowed the events of Oct 2008-Mar 2009 to happen?
Divide and Conquer
albeit my own views on the sector, it is a disgrace -- the way and the form with which CNBC interviewed this gentleman. absolute disgrace.
The word is "growthiness" and it already existed:
http://www.merriam-webster.com/dictionary/growthiness
This is a common spelling convention eg. healthy/healthiness, salty/saltiness.
Not that principles matter at all in this new age of vested interest, bullshit and spin lol