Jun. 3 at 6:49 PM
I really like
$CPT
Not that it’s high growth or even undervalued but b/c of its long runway.
I rented from them years ago in Atlanta & then helped someone move into one of their FL. properties.
They’ve got a nice system designed in which once you’re in (approved for an apt.), you can rent anywhere within their network and avoid new admin fees & the processing time.
It’s almost like their very own
$AAPL esque ecosystem.
Unlike
$WU which I also like because of its LT history & runway, regardless of which view you take (5 day, monthly, 6M, 5yr or All Time) the return is positive except for CY.YTD & 1yr.
Fixable by EOY.
WU is the opposite.
Pure discipline says avoid WU, especially since the divi payout ratio against Net Income is 70% (was 45% within the past year I believe) but based on one’s final cost basis, WU could print handsomely for years to come.
This Q is make or break; any further degradation to margin and we’ll most likely see a divi cut.
No point holding then.
