Tuesday, April 1, 2008

Shorenstein ready to start buying...hmmm....

One thing I have had many savvy investors tell me is to sell when there is a buying frenzy and buy when there is a selling frenzy. I'm not sure we are in a selling frenzy, but we are in a down market right now thanks to a lack of credit.

According to Deal Junkie, Shorenstein Co, which has been a seller in the market for a while now, is apparently poised to buy. Why? Dry powder and signs of distress, according to an interview with Doug Shorenstein originally in the San Francisco Chronicle.

Zell sees changes afoot, investors smarter than I'll ever be are watching for the right deals...yeah, another normal day at the office.