Dennis Mitchell, CFA
Westfield REIT (Australia)
WDC-ASX
TOP PICK
Mar 24, 2008
The largest publicly traded real estate name on the planet. Focused solely on enclosed malls in Australia, New Zealand, U.K and U.S. Very strong results out of Australia. Currency is working in your favour.
(A Top Pick March 24/08. Down 36.2%.) Hadn't anticipated the amount of downturn in this name. Sold his holdings because of expected distribution cuts and was down 28%. Now back into it. Good quality name.