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Mac-Gray Corp. Message Board

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  • Howie58 Howie58 Jun 29, 2005 1:01 AM Flag

    Can We Break Resistance?

    Greeting Slocal!

    Nice to hear from you. Yes, I saw us bounce. It makes me wonder who dumps everytime we hit a high?

    I am not selling as of it, but I will monitor the situation.

    This is an interesting balance in a portfolio. It's relatively recession proof, and if the housing market tanks, they benefit from a swing back to apartments...the drawback, per earlier comments, is that their last EDGAR statement shows the debt that they will be servicing in coming years. . . well, the banks lent it, so I guess they reckon it will be serviced!

    Best wishes,

    Howie