"the article linked below is very disturbing . If its as bad as it seems you wouldnt want to hold jap property. I sold some of my position today on this one and reinvested in pure Australian REITs"
At 7c, the Risk:Reward ratio on GJT is deeply in favour of buying.
PNA doubled yesterday merely by rolling over debt facillities for 12 months. I suspect PNA will not be the last stock to double in 2009 on news of any re-financing or roll-over relief, let alon asset sales.
As for GJT, all bad news is factored in now and there is a steep discount to NTA - arguably, even a revised NTA.
There are no guarantees that GJT will not go to zero, but the upside is much higher than 100% on any good news, or market stabilisation.
By that measure, GJT is a better risk than many spec mining shares at these prices.
GJT Price at posting:
$3.40 Sentiment: LT Buy Disclosure: Held
