Portfolio Update:Closed out on First REIT and M1 Limited

Posted by Drizzt
May 22, 2010

I have sold First REIT last week and M1 Limited yesterday. This is mainly a technical call as i look to pick them up at cheaper price.

There is no change in the fundamentals. I might be wrong with my decision on First REIT but recent events have shown that First REIT can be really defensive.

As for M1 Limited, price is on a high side. I don’t buy the analyst call that they will do a special distribution and at 6.5-7% yield, i think the smart choice is to sell and buy back lower if possible.

Best Regards.

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  3. Yield Watch:Macarthurcook, Starhill Global REIT and K-REIT updated
  4. Safety in Reits? Don’t count on it:Analysts
  5. UBS Downgrades M1 Limited
Dividend Investing, Portfolio, Value Investing

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