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FR IS A DUDD. GO AWAY MUELLER

Update:  We mentioned IHIT the other day.  It may still come down to our buy price of $9.85.  Keep you buy limit order in place.

August 15, 2018.  We did NOT buy FR First Industrial Realty for the dividend.  It only pays 2.68%.

We DID buy FR for the potential capital appreciation—-which is an unusual strategy for us.  We typically buy only high paying positions.  Well, it is up a very tiny .55%.  We were wrong.

Also, the technical momentum indicators are turning sour.

DUDD:  Defective, the one in a bunch that doesn’t work

Yes we have received a few dividend payments, and the price is up.  So at least we did not lose money.  FR turned out to be dead money.  SELL.  We will deploy the money into some income positions.

Fortunately, the Core Portfolio, in total, has been doing very well and we are very happy with the results.  So we continue to plod along while enjoying the Summer weather.

_____

Both conservatives and liberals want Mueller to get the hell out. 

WASHINGTON (CNN)Two-thirds of Americans, including majorities across party lines, would like to see special counsel Robert Mueller try to finish the investigation into Russian interference in the 2016 election before voters go to the polls to elect a new Congress this November.

Image result for cnn poll says mueller end cartoons

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