1Yr·

$ABR (-0.45%) Discussion


Recently this high yielding REIT was accused of fraud by a company called “NISCUR” a short holding statement with many grammatical errors and financial inaccuracies.


Despite the statement not holding much validity many investors were spooked causing $ABR (-0.45%) to go down 16% in the last 3 months.


Recently it was found out that the people behind the short holding position were from Africa and were trying to scare people into making a profit (which they most likely did)


Although the stock is recovered about 5% from its low I still believe there is way more gain left on the table (P/E ratio of 7!) and as a result I have purchased many shares of $ABR (-0.45%)


What are your thoughts.



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1 Comment

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@CST1112 for such uncertain market nothing may worth than defensive stocks. REIT could be also considered as defensive, but not in such aggressive anti-inflation regulations, high-volatility and industry->technology transition period.
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