Sun Communities, Inc. (SUI)

mitchd123 (< 20) Submitted: 8/5/2009 5:56:36 PM : Start Price: $15.59 SUI Score: +7.59

Great dividend, great performance, and real estate is beaten down. These folks thrived through the worst.

honest2009 (< 20) Submitted: 5/27/2009 10:10:37 AM : Start Price: $13.54 SUI Score: -14.15

I wound'nt call this stock a 10 when 33% of it's communities are in the destraught state of Mich. as Chrysler and GM file bank Rup. and continue to lay off workers, The State is givening away residential Property why should people own a mobile home and rent lot?. In addition 54 % of properties owned buy SUI are in state effected auto industry area. Mich/Ohio/Indiana. and another 14% is in florida where average Res.Prop. is selling for less than half of what Mobile Homes are selling for where you own your lot/Property.

Traders and investors should know more about businesses their buying.

cashsage (77.50) Submitted: 1/31/2009 8:50:13 AM : Start Price: $10.52 SUI Score: -38.32

SUI has one of the most illiquid balance sheet. It is also loss making.

oldsagejoe (< 20) Submitted: 1/7/2009 8:20:04 PM : Start Price: $12.35 SUI Score: +25.30

Undervalued trailer park trash.

danobe (< 20) Submitted: 11/18/2008 11:24:02 AM : Start Price: $10.08 SUI Score: +52.01

Dividend coverage appears to be improving. Price seems far below net asset value.

Pierri (94.33) Submitted: 11/10/2008 3:34:15 PM : Start Price: $11.08 SUI Score: +43.31

On a valuation basis this stock seems really cheap. The company still has positive FF0 (funds from operations) and is still paying a nice dividend. You can't just look at the income statement alone on REITs, so FFO is more meaningful than net income. FFO adds back depreciation and amortization expenses which are non-cash expenditures. Because a REIT's assets are real estate that don't really depreciate (in the long run).

I have been following this stock for some time and I believe all the negative issues are already priced in (and then some probably). If you don't like the REITs, I wouldn't short this stock at this price unless you feel its going bankrupt, because if your short you'll have to pay the dividend while your borrowing against it. I actually like DRE, CLI, and BDN better than this stock, but I got into DRE and BDN a little too early, but I still feel those stocks will do well in the next 1-3 years.

ELRAD (< 20) Submitted: 8/12/2008 4:43:23 PM : Start Price: $15.01 SUI Score: -34.90

Check out their rv parks in florida. No capital improvements. People will start moving to other parks. Poor commucations with owners It's hard to improve profit when income goes down.

tomtuo (78.98) Submitted: 7/25/2008 3:09:12 PM : Start Price: $14.27 SUI Score: +39.31

A manufactured housing REIT!

When the market prices an equity at a 14% dividend yield, the market is telling you that it does that think that dividend is sustainable. And the manufactuered housing industry has been a bad business to be in since 2000, when much financing for manufactuered housing left the market place.

However, now there are real signs of stabilization, or even a turnaround. I think there is a bit if a counter cycliality to this business that makes it counter cyclial to the broader housing markets and the broader economic environment: 1. manufactuered housing is for poor people so there is a trade down effect there (just like how walmart does better in a recession) 2. when financing is less readily available for a regular house, some will trade down to manufactured housing.

So in short I think that dividend is sustainable. There might even be upside!

TMFBomb (97.35) Submitted: 7/4/2008 3:51:16 PM : Start Price: $14.57 SUI Score: -37.37

Sun Communities is a debt-laden REIT that is being propped up by a 13.7% dividend yield. It wasn't profitable at the height of the housing bubble, so I'm skeptical of its chances now. Meanwhile, it has a 93.7% LT debt to capital ratio and an EBITDA/Interest ratio of just 1.7.

TheRupturedDuck (98.24) Submitted: 4/16/2008 10:57:59 PM : Start Price: $15.75 SUI Score: -33.58

lying dividends screen

gasfrog42 (< 20) Submitted: 11/27/2007 9:54:01 PM : Start Price: $17.58 SUI Score: +25.19

looking for dividends