You are currently browsing the Capital Comments weblog archives for the day 27. July 2009.
27. July 2009 by Dan Walkow, CFA, CMT.
This one was a no-brainer. A few years ago I was in San Diego on a business trip and had a chance to visit Bosa’s show room displaying suites in their new condo building. As I chatted up the salesperson or should I say she chatted me up I could not help but think that how could one in their right mind pay so much for so little. Nose bleed prices! This was a short sale opportunity if I ever saw one.
Of particular interest was that some of the bigger players were Canadian real estate developers such as Bosa and Pointe of View Developments.
Well if you like them then you have to really like them now. Many are trading at half the price with several hundred in forclosure. Maybe time to sniff for a deal…
See the full article int he LA Times here.
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