Store Your Money in Public Storage?

Hillary Kramer discusses Public Storage stock. “The past six months have been brutal for Public Storage Inc. (NYSE: PSA), which has seen its stock price lose about 35%; it’s now trading below where it was 12 months ago. The company’s net income in 2006 was well below what it was in 2005, after a few years of steady growth, and the first two quarters of 2007 haven’t been much better. Net income in the second quarter was down nearly 25% from the second quarter of 2006, and for the first six months it is down nearly 50% from the first half of 2006. No wonder investors have been worried.”

Would you invest in Public Storage? Is there an advantage to being an industry powerhouse? Or are market conditions changing? What’s your take? Does Public Storage need a new strategy?
Click here to read the rest of Hillary’s views.

Add comment August 13th, 2007