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Subject:  Re: REIT Cafe Interview of AFR's CEO Date:  11/17/2005  4:57 PM
Author:  klee12 Number:  36291 of 85464

I agree with MeanderingMecan when he (?she) wrote <<I have a hard time swallowing the argument that "the analysts just don't understand our plan".>>. That was an attack on the messengers (analysts) rather than the message. Other REITs have felt their stocks were undervalued, but management usually have give reasons why (e.g. EOP and HME said replacement cost was way above what stock indicated); I never heard them say (until now) "analysts just don't understand". Mathew Emmert in post

gave his reasons for his reservations about AFR. AFR's management could have said, for example, that Emmert did not take into account the credit worthiness of AFR's clients and higher leverage was justified. But instead AFR said analysts "just don't understand".

Let me repeat that AFR could be a fine investment, I don't have evidence that it will be or that it won't be because I haven't done any DD on AFR. I'm letting off a little steam because I have a thing with ad hominem statements.

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