What I Am Buying Today.

[MrFortune]

(07-20-2022, 02:51 AM)crimsonghost747 Wrote:

(07-19-2022, 08:58 AM)MrFortune Wrote: Added LMT and ALLY

Initial position in IIPR. I has sold this one at $276 and now bought back under $89

You did see the news about one of IIPR's tenants going under? 
I still have IIPR, from a long long time ago. It has been a great investment but now it looks like those risks are possibly materializing. 
I'm still holding onto it, and will keep on holding, simply due to an impressive yield coupled with good dividend growth. But it's a risky play now. 

Also, I don't know what LMT has screwed up but that report was underwhelming in every regard. Of course their long-term business will do fine over the next decades and probably centuries, but I was not thrilled to see those numbers.

Yes, I know the news on IIPR. But they already have new buyers lined up for those spaces. Down at these levels the risk isn't that big of deal like it was at $270+ 

And I can wait with that yield. Now if they cut that yield then the story will change for me.