grabbed a little bag full, page-14

Hey Resi

Dont let my forecast worry you. It is purely an estimate based on my opinion. Many variables can contribute to this being achieved, surpassed, or not.

What i do know is that REITS such as MOF offerf great long term value at these prices we are currently seeing. MOF offers just under 10% yield at this price, however if you have entered earlier it represents even better value.

Banks on the other hand are clearly overbought working on hugely inflated P/E ratios. If you have been burnt on this one i'm sorry to hear that, but i can guarantee you that a portfolio of REITS such as what I own will pay for my future.

As i have stated earlier please find me commercial property available in 2009 that is 70-90% below its trading price in 2007. Obviously that is impossible so i am biting off as much as I can chew in REITS due to the HUGE upside. I have made PLENTY using this strategy in 2009.

No other sector based on my knowledge of property offers me personally a more attractive alternative.

If you disagree thats fine mate. And i can understand if holders have been on these stocks for some time that they would be pissed off with management over its decisions in recent times as i have been with GPT especially.


Thanks
Matt