'Bricks and Mortar' Portfolio Posts Big Gains
Penn National's $67-a-share deal is expected to close in about 12 months. At around $59, Penn National is trading 12% below its buyout price, making owning Penn a very attractive proposition today.
Global Real Estate ETF (Own)
Investors looking for commercial real estate exposure should head internationally, where growth remains strong. The Global Real Estate ETF (RWX) remains the easiest way to play the market, since there are no pure-play international real estate stocks on U.S. exchanges.
I traveled to Atlantic City, where all of Trump's casinos are located, last weekend. The city had decent traffic at its casinos.
But the market remains competitive, with every casino operator working hard to bring in customers from Pennsylvania and New York, which both introduced slots facilities over the past year. Atlantic City has suffered from declining gambling revenue this year because of lost customers.Of Trump's casinos, Trump Plaza should eventually benefit from its location near the Caesar's Pier, which is a great shopping and dining destination owned by luxury mall developer Taubman Centers (TCO). But at the end of the day, I'm still not sure how Trump Plaza and Trump Taj Mahal can compete with the Borgata, a luxury casino owned by MGM Mirage (MGM) and Boyd Gaming (BYD) that is truly the nicest destination in the city. Until there are signs of a recovery on the horizon, Trump shares should stay stuck between $6 and $8, making it a poor investment unless you are an expert at market timing.
Ryland (Flag)As I noted in a
Home Solutions of America (Flag)I've flagged Home Solutions because of a big lack of visibility about the future. The construction management firm did hold a conference call last week to provide updates on its projects, but it didn't include much new information. Management said it is in the process of expanding its credit facility from $60 million to $125 million. However, the present credit line
|Bricks and Mortar Portfolio
A Look at How Nicholas Yulico's Picks Have Performed
|Rating Date||Price at Rating||Rating||Current Price*||Return**|
|Brookfield Properties (BPO)||1/23/2007||$28.67||Own||26.18||-8.7%|
|Global Real Estate ETF (RWX)||1/23/2007||$64||Own||64.49||0.6%|
|Penn National (PENN)||2/6/2007||$45.56||Own||59.10||29.7%|
|Melco PBL (MPEL)||3/12/2007||$15.46||Own||18.92||22.4%|
|Home Solutions of America (HSOA)||4/24/2007||$4.98||Flag||3.56||28.5%|
|Starwood Hotels (HOT)||7/12/2007||$72.37||Own||62.10||-14.2%|
|Average Total Return, Unweighted||23.2%|
|Close At Start of Portfolio||Current Value|
|U.S. MSCI REIT Index||1140.36||1,053.13||-7.6%|
|*(10/2/07 closing prices)
**For "flagged" stocks, a drop in price is tracked as a positive for the portfolio, and a rise in price is a negative.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV