This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

[video] Quick Take: Two Value Finds in Real Estate-Related Stocks

NEW YORK (TheStreet) -- Pat Becker Jr., president of Becker Capital Management, is looking for value. He told TheStreet's Joe Deaux that even if we do get good economic data, the thought of tapering by the Federal Reserve shouldn't hurt stock prices. 

His rationale is simple: There are too many pension funds and investors just getting involved in the market, supporting higher and higher prices. 

He likes Plum Creek Timber Company (PCL) for its growth and value. The company is the largest timber owner in the United States and pays a 4% dividend yield. 

Becker said the stock got hit earlier in the year when interest rates spiked, but provided an interesting perspective. When interest rates go higher, it generally means the economy is recovering, and thus, the housing market is recovering. Ultimately, it should lead to higher timber prices, he suggested. 

Must Read: [video] Jim Cramer Quick Take: Buy GM as Ford's Future Remains Unclear

Another pick is Howard Hughes Corp. (HHC), which is relatively unknown to most investors, he said. The company is one of the largest land owners in Las Vegas and Hawaii, while only trading at two times book value. 

Most homebuilders trade at three times book value, Becker said, and because of its valuable assets HHC should continue to go higher.

He concluded that the holiday season does not impact upon his investment philosophy, which is for the  long term and can go out as far as five years. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs