A risk-averse way into technology
Digital Realty Trust is a real-estate play focused on computing operations.
His analysis is accurate. I bought this stock at $40 and and have it as a long term hold in my portfolio. The one item he is missing in his analysis is that DLR annnounced for the first time that they are looking at paying 8% cap rates for their new acquisistions vs. 10% about a year ago, which means they will be paying much more for the assets (with lower returns). Regardless, at $72 bucks this stock is still cheap. I will probably look to take some chips off the table at $92-$95. I would also closely watch CBB. I picked that up at $3.73 a couple weeks ago. With their data centre portfolio I value it at about $12 bucks
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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