anyone buying?, page-8

Hi Pete

I hope the last point didn't come across as being pedantic, but it's very important to distinguish between wdc and wrt. Wrt is a pure play in direct Australian retail property ownership. Wdc is a diversified business ie: property management, project management, property development, direct property ownership and recently a foray into online retailing, but also diversified geographically. I have no interes in owning wrt but I am considering buying into Wdc.

Also, I think you'll find that since the rba started their most recent rate cutting spree in late 2010 most lpt's and diversifieds such as gmg and wdc have done very well.

I agree 8.5 would be a very good price for wdc. I also think long term 10 is ok. If I go ahead ill average in over the next 6-12 months as it just seems to keep going down and it's a fools game tryin to pick the bottom.

The last point ill make is that retail is a cyclical industry. There's no doubt in my mind that. It will see good days again. The time to buy in is during the down times. I think this is one of those times. It might be a couple more years before it turns, but stock market sentiment turns a lot faster and usually sooner than actual economic conditions so I don't want to miss the boat.

Cheers
Gralynchett