Hello Minchinyon dont know where you find the energy for all...

Hello Minchinyon dont know where you find the energy for all this commentary! But it usually a decent read. The media put a gloom and doom slant on everything just now. Thats the story for them. AEZ came out in their most recent report with very good cashflow, low vacancy, news that it was defensively structured compared to many and was a longish way from any dodgy margins on most of its properties. What do the media do? Focus exclusively on the weakest few bits. Ok, so there were write downs by the valuers-not big-and they should be expected in this envioronment. The good news was how small they were and how low AEZ gearing is compared with many.
The PER is very low, staggering and the dividend yield is 16% or more, with no indication of any reduction or cessation. Cashflow is improving if anything, so I have gone in and bought a decent lot.
Yep, there is a global credit crunch, but these numbers are saying catastrophe coming. In AEZ I cant see that. Things would have to be pretty shocking for that. Another thing, these assts are in euros. That is good just now, because those dividends and rents are worth even more.

How many people are going to kick themselves later for not going in and buying some of the better apples in the barrel when the mob were panicking? This isnt some miner which might produce a little dividend one day, this is a major cash cow, right now! I could not buy any property in Australia with a yield like this, and some tax shelter with it. And Id probably have to borrow more. Thank goodness I have always kept 10% in cash. When things settle down a bit expect some serious recovery in the SP.