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Public Storage Message Board

  • gambling2m gambling2m Jul 31, 2012 6:45 PM Flag

    How can the Pukes Justify the ridiculous

    valuations on this POS??? The crooks have already reduced the earnings # just to make this Ponzi look good but a PE of high 40s' REALLY?????

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    • PE is smaller than 40. EPS is around $6.50, or about 23 PE.

      But the entire premise of investing in this co. is dividend yield. Well that yield is at 3%, however next year dividends will be taxed at ordinary rates, so for wealthy individuals that have parked their money here, it will be at 35+%. So dividend yield is now less than 2% on a company that has occupancy over 90% and whose organic growth is limited and cash has to be paid out as a dividend.

      So low cash, high valuation and heavy taxation = Sell at this valuation.

 
PSA
228.98Feb 8 4:02 PMEST