But I feel like it's a "safe play". The CEO recently bought stock - and Execs. have many reasons to sell a stock but only one to buy - when they know it's gonna make them money.
I might actually not add since I value growth over dividend for the most part. But I couldn't resist. :-P
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 (+0.76%) 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 (+0.76%)
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 (+0.76%) 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 (+0.76%)
@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.
