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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (64482)8/13/2020 11:24:46 AM
From: Paul Senior  Read Replies (1) of 78958
 
(Grommit stocks)

Grommit, thanks for your idea of STAG . I closed my position this morning. The stock rise makes the dividend yield lower than I'd like. I've been watching Rexford, and I'll go for a position now. l like its unique business focus: "Focused exclusively on creating value by investing in industrial property throughout infill Southern California."
rexfordindustrial.com

I'm going for the 5.875% preferred, trading above par. Yield less than I'd like, but the apparent safety of the business maybe offers somewhat of a tradeoff. --- Investors must like the warehousing/industrial specialty of the company in the expensive land that is S. California: the common stock price is bid up to where its yield is low -- lower than I'm willing to accept anyway.

I'm still wavering on INN.
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