+ Watch PSA
on My Watchlist
The Company is a fully integrated, self-administered and self-managed REIT that acquires, develops, owns and operates self-storage facilities.
I can't say whether this stock will under perform the S&P, because they're both going to take a beating. That said; Public Storage will come down hard, because we're in the grips of deflation.Who, in their right mind, will pay to store old junk; when they can use this money to buy new items at 90% off? When money gets tighter, which it will, you can expect to see storage renters take a hike - and leave the owners with this junk to haul away.
although the millions who have foreclosed on their homes and the millions who WILL foreclose on their homes in early 2010 may need a place to store there stuff
everything i have left is in storage...with Public Storage no less.
Why they show this is a mystery. Guy was way off and with rentals going big, storage will follow. Houses are gettig beter but will be smaller to capture the main market.
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