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No. of Recommendations: 9
Unlike most buyout rumors, this one probably has some validity. I know nothing about the background or about any serious talks, but HME is prime buyout material given its NAV discount and lack of clear succession plan. Coupled with the interest in apartment REITs by various private equity players, the odds of a buyout of HME are probably 50% or more, at a price, perhaps, in the low $80s.

I have taken a very small trading position in it, hoping to make some dinner money. But I wouldn't own this one on a long-term basis.

Ralph
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