More sin stock for me: I've added a small amount today to my position in "gaming-focused" REIT GLPI.
I don't claim to know very many aspects of the company. Seems to me though if economy picks up, there'll be more money spent, or available for spending, on entertainment, and the casinos should benefit, and at least be able to pay their rent to tripple-net reit GLPI.
At an annualized, $.60 per quarter, that's an 8% yield on the stock that's now slightly under $30/sh. I'll take that bet. (which for me means a small increase in my small position vs. maintaining the cash in just cash)
OT: Otoh,if social security payments are curtailed, maybe these casino stocks could be hurt. Strange now that I'm on social security and I go to a casino (very rarely), and I look around and a see the majority of casino patrons in morning/afternoon being senior citizens -- I become astonished that every last one of them (well maybe, afaik) is on social security (too) and so apparently using at least some SS funds to gamble. -- Yes, this is social security for people who don't really need it apparently, and there seem to be a lot of them(us) -g- |
