Ben StadelmannGrubb & Ellis Co.GAVBUYAug 27, 2002

Cheap. Has been hit too hard.

Ben Stadelmann

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STRONG BUY

(Top Short Nov 9/04. Up 44%.) Leery about real estate.

TOP PICK

One thing that bodes well is that they might try to get out of OTC and on to one of the bigger boards. $400 million in revenues. Profitable. Low # of shares outstanding.

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Ben StadelmannGrubb & Ellis Co.GAVBUYAug 27, 2002

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