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Doomsday Scenario: Just the numbers, ma'am

Even while dancing on the edge of the Great Abyss one should keep one's eye on the numbers. In this case, the key indicators that presage an economy at risk of totally imploding. Sure, the auto sales numbers were no worse than grim expectations and the ISM manufacturing number was actually a positive. But, oh, we have lots of nasty numbers to go around. Start with the RevPar number. That's short for revenue per available room at hotels and is a solid indicator of the health of the travel industry, as well as the state of business travel spending. The number? Down a stunning 15.3% in the month of January, year-over-year.

Continue reading Doomsday Scenario: Just the numbers, ma'am

Seize the day with AvalonBay

A real estate play? In this market? Sure, if you can identify one with the right financial metrics. AvalonBay Communities is one.

AvalonBay Communities, Inc. (NYSE: AVB) is a real estate investment trust specializing in the ownership of multi-family apartment communities. AvalonBay owns about 150 apartment complexes containing more than 43,000 apartments in 10 states and Washington, DC. Most are branded under the Avalon name.

Analysts like the fact that AvalonBay is likely to outperform a majority of its sector peers. Analysts see AVB's rents increasing 3-5% in 2008, after a 5.5% average increase in 2007.

Further, performance in the relatively strong Northern California and Pacific Northwest markets is expected to offset poor operating conditions in Boston and Washington, D.C.

Continue reading Seize the day with AvalonBay

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Last updated: May 29, 2012: 01:09 AM

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