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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (49374)9/12/2012 10:03:37 AM
From: E_K_S  Read Replies (1) of 78490
 
Thanks for the feedback Grommit -

I had bought IRET at higher prices, so my add was also to lower my cost basis especially after their issue of their preferred. Company should be flush with cash to buy new properties. Their debt is still high, at least higher than I like. My position is small and I like to have those dividends reinvested at a 5% discount to market.

I still think your EXL pick was a good one. Find more like that.

I have been eyeing STAG Industrial, Inc. (STAG) which might be another one to watch. It has already had a pretty nice run. Insiders have been buying in August.

Here is the link to their Website. Their preferred is selling above PAR at a premium.

Stag Industrial, Inc. Preferred (STAG-PA) Last $27.05 effective yield 8.03% (Originally issued at $25 PAR 9%)

EKS
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