[turbo6bar]

MSFT is currently at 8.90 price/book. What am I missing? Certainly sitting in mounds of cash, though.

tabs, do you only go long? Never short?

I am still gunshy with equities. I am only in with retirement accounts.

RE has generated a ton of returns for me, so why not stick with what I know? I do admit my current holdings may fall in value, but with capitalization rates at 8-9% now, I am still beating bonds really well. Foreclosures are already undercutting retail prices by 10-15% now in Tennessee. If banks get desperate, and I can get another 15-20% off (back to 2000 prices), I will see cap rates exceeding 12. I need the cash flow now so I don't have to go work for a living.