Zellchair
Oct 23, 6:19 PM
$ADC Not to brag, but I have a friend in the US (he’s actually my only friend in the US...), and he works for this company and has nothing but good things to say. He understands why insiders have been buying millions’ worth of shares lately, even though they already held large stakes. I’ve bought Agree Realty A Pref (ADC-A) at an average price of
$15.55—opting for the preferred shares rather than the common stock because I’m a bit risk-averse. Plus, interest rates here in Sweden are still low compared to yours, and the USD/SEK exchange rate continues to work in my favor. At the current price—over
$16.00—I’m still getting a 6.7% yield, boosted by the currency tailwind, with low risk given the company’s tenant base and low debt levels. It also pays monthly dividends. In other words, this stock is everything that
$FBIOP (which I also own) should one day become...
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