Buy These 3 Oversold REITs Now to Double Your Money
Aug 7th, 2008 | By Floyd Brown | Category: Featured, Financial NewsThere are real-estate bulls out there. But most economists see US housing prices staying in the gutter until late 2009 or early 2010.
The current bear market has hit REITs particularly bad. Wall Street has dumped REITs in a hurry to get rid of any exposure to property.
This sets up a great contrarian investment play, according to Floyd Brown at InvestmentU.com. That’s because much of the selling has been irrational. Unlike the banks, REITs have been able to protect their value and their income. The majority own commercial properties with long-term tenants, stable values and fixed income payments. Floyd has singled out three ways to profit…