Surely @ these prices AEZ is a takeover target? Look at TSO (albeit that's one of the most ridiculous 'attempts' at a t/o I've ever seen).
Against a backdrop of improving property valuations in EU and support of the lenders there must be a few businesses out there at the moment tinking that AEZ is a good play? The gearing isn't as high as some of the other REITS and it's European focus is perhaps for the first time in its history a positive.
Either way a good day trade or long term hold. Having watched other REITS in this position my gut says ST it should pull back...BUT we're 2-3 months down the road to recovery compared to the others when I sold so thinking of holding for more upside.
JT
AEZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held