The controlled sellof that we see now, is unlikely to last. Something is going to give fairly soon I'd say.
The company is paying a very good (%) dividend per share: ----------------------------- Earnings and Dividends Forecast (cents per share) Curr 2009 2010 EPS 23.6 13.2 12.4 PE(x) 1.2 2.1 2.3 DPS 13.0 7.3 13.1 Yield(%) 46.6 26.1 46.8 ------------------------------ It has a fairly stable revenue stream, not inhibited by the short term debt refinancing problems.
It is probably the only REIT that has not had a fair SP run recently.
I'd say all of the above makes BJT attractive to accomulate before the end of year dividend.
The seller, actually may decide to losen a grip a bit and give the SP a light "shake", thus making the game a bit less boring for the daytraders.
I'd say spikes to 32-34c level are realistic in the short term.
BJT Price at posting:
29.5¢ Sentiment: None Disclosure: Held
