Week Ended 2/24/17

Earnings and Pessimism 2CHYP held up fairly well overall, but some of our holdings took substantial hits individually as earnings rolled in.  One of the harder aspects of fundamental value investing is that bad news can be priced in multiple times.  The entire world...

Week Ended 2/17/17

Earnings and market action Earnings season continued with STAG, CUBE and CTT reporting.  We found STAG’s report quite strong as it proved their business model.  Re-leasing and renewal efforts were each accretive, demonstrating that the shorter lease terms STAG uses...

Week Ended 2/10/17

Healthcare and Trading up Two of 2CHYP’s healthcare REITs reported this week with strong results but one would not have gotten this impression listening to the analysts on the conference calls.  Medical Properties Trust (MPW) got more questions about Adeptus than...

Week Ended 2/3/17

Earnings and dividends REIT earnings season has begun which usually restores a fundamental focus to the markets.  CBL was the only company in 2CHYP to have reported so far, and we found the report fairly strong.  Otherwise, industry comparables gave some good insight...