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2/28/23 Capitalist Times Live Chat
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AvatarRoger Conrad
8:54
Hi Jeff. I'm not sure what that is. A preferred stock? Feel free to write me tomorrow at rsconrad2013@gmail.com and I'll look into it further.
Robert
8:56
Roger,  Medical Properties Trust, MPW , what is your thoughts on the company, worth holding, buying, or selling? I am a  subscriber to the REIT Sheet.
AvatarRoger Conrad
8:56
Hi Robert. As I answered in an earlier question in the chat, we're recommending staying away from MPW for the time being. Rising interest rates and potential recession risk are just too strong as headwinds this year, despite what I believe is good management. And the cut in 2023 normalized FFO per share guidance is a major red flag in my view.
Dan
8:59
Hi Roger, over the last week or so I've seen many TV ad's for Xfinity's new 10g network.  Has Comcast just leaped over the industry 5g offering?  As a holder of AT &T and Version should I be concerned?  Thanks for your thoughts.
AvatarRoger Conrad
8:59
Hi Dan. Actually, I'm a lot more concerned about Comcast these days, with the unprecedented pressure from Verizon, AT&T and T-Mobile US in 5G wireless and fiber broadband. In fact, a Verizon salesman just came to my house today with an offer for Fios that's faster and more reliable and half the price of Comcast--and they're offering to buy out Comcast contracts as well. Broadband business erosion could actually accelerate this year.
Guest
8:59
KMI closed in low $17s today.  I know you don't recommend doubling down, but is this a good point to add to a position?
AvatarRoger Conrad
8:59
Don't recommend doubling down--do think Kinder is extremely cheap at this price.
Guest
9:00
Roger, I know it's late, but in the future would you consider covering DEA in the REIT Sheets?  Jim T.
AvatarRoger Conrad
9:00
Thanks for the suggestion Jim. I actually do cover it in the quarterly REIT databank--which I will do later this month with updated Q4 earnings.
Guest
9:02
Any insight into SO earnings report and after hours hit on the price?
AvatarRoger Conrad
9:02
Southern actually reported Q4 results and updated guidance last week. The big issue was another delay in starting up the two new reactors at the Vogtle site in Georgia. Check out my Income insights for Feb 22.
Guest
9:05
Roger: You have a Dream Price for BXP at $70/sh.  It is trading today for $65.43 - considerably lower than the dream price.  Why is it getting beat up?  Is this a conservative or an aggressive REIT? If we hold this stock for at least 5 years, would you consider this a good timeline for a possible recovery by it?  Thanks always for your sage advice!  Barry
AvatarRoger Conrad
9:05
It's an office property REIT in a market that's afraid of office properties--for good reason. But I think what people are missing by lumping Boston Properties in with the rest is it's focused on the strongest areas, mainly premium and life science where occupancy is 6-7 percentage points higher and rents are solid. I like five years should be plenty to see shares at a much higher level, as well as a return to dividend growth. I count it aggressive until we do see a dividend increase.
Guest
9:07
Made a mistake in earlier question. Meant to refer to SWX earninga after the bell.....not SO.
AvatarRoger Conrad
9:07
OK. I did answer this question. Those "trades" don't appear to be real, which is often the case with after hours action. The last trade according to Bloomberg Intelligence was at 20:04 for $63.07. And like I said, there's nothing in the earnings report to merit any kind of dramatic reaction--particularly with the guidance call tomorrow.
guest
9:09
Regarding PCG, there is a plan to underground over 10,000 miles of electric lines.  Are we talking all transmission, mostly transmission, or distribution?
AvatarRoger Conrad
9:09
That plan is basically high voltage lines--the idea is to bury them in the areas that are most fire prone. That's going to cost a great deal of money but the state appears to be on board with it. I rate PG&E a buy up to 16 for patient, risk tolerant investors.
AvatarRoger Conrad
9:10
Ok. Well that's all we have in the queue as well as from emails prior to the chat. If for some reason your question was not answered fully, please drop us a line at service@capitalisttimes.com and we'll get back to you as soon as we can. We will also be sending you a link to the complete transcript of all the Q&A tomorrow morning.
9:11
Thanks again for participating everyone! We do appreciate your business. Here's to an early spring--and to your wealth.
Robert
9:12
Thank you, Elliot . . . Thank you, Roger . . . Enjoyed spending the day with you guys. . . And, again, best to Sherry. . . Went ahead and added PXD to the portfolio.
AvatarRoger Conrad
9:12
Thank you Robert. Take care and have a great evening.
AvatarRoger Conrad
9:12
Bye everyone.
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