Update: Mutual funds distribute gains in December and this typically causes stock market declines. We also have China trade issues which are affecting the markets. We will watch for lower prices and BUYING opportunities.
Dec 2, 2019. We tried to get CODIPRC on Friday. The damn thing closed exactly ONE PENNY above our buy price. Really discouraging. Today we are buying CODIPRC at $25.14
Netflix has finally released the much anticipated Irishman. We did not know that this film was really the Jimmy Hoffa story…..only us old folks will remember Hoffa. Anyway, the movie is long and interesting but certainly does not live up to the hyped up reviews that are out there. The big news is really the software magic used to make the stars look younger and it works well. And how can you go wrong with DeNiro, Pacino and Pesci.
TRUMP BOOK We enjoy listening to Don Trump Jr on the radio and TV. But we did not know he had such a good sense of humor. Most of these political books are kinda boring, but you will find yourself laughing at some of Don Jr’s comments. This is a good very easy to read book……that is if you don’t hate the Trumps.
We own IRM Iron Mountain in the Core Portfolio, now paying a nice 7.7%. Linked below is an article describing IRM: it is ok right now to BUY IRM if you do not already own it. This would be a long term holding.
Despite recent appreciation in stock price, IRM remains a compelling value play in the specialty REIT space. The steep valuation gap between IRM and traditional and non-traditional REITs should gradually narrow as the company continues to deliver strong operating performance through stable growth in its core RIM business and accelerating performance in its growth portfolio, particularly data centers.
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