Even some bank trust departments shy away from it. These folks are smart , too. I ve swapped investment ideas with NERM President Lee Forker for the better part of a decade, and I can tell you he s among the sharpest value investors of my acquaintance. Lee is living proof that you can make plenty of money with a conservative investment approach. He s the class act of the business.
Velocity offers high-speed Internet access and other computer services to tenants.
Keep your Velocity shares for now, but be prepared to sell if Internet stocks put on another sharp rally in the next 6-12 months. Fremont s strategy of buying smaller REITs in hopes of a takeover or other corporate shakeup may yet pay off. So far this year, however, it has hindered the fund s performance. Year to date, CGM is running 1200 basis points ahead of Fremont, and portfolio manager Ken Heebner has a fine long-term record. If you re holding them for income, no need to disturb your position.