Wednesday, December 31, 2008

ProLogis' Rebound
In late November the industrial property REIT ProLogis (PLD) was on the verge of collapse. Its stock almost reached $2.00. Today its stock is near $14. It's still well off its early September levels, but a nice rebound all the same. A refinancing and a few property sales have helped the stock price. Its 2009 dividend is projected at half of 2008's. Here is a chart for the past three months:

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