Downgrading yesterday on "decreased odds of REIT conversion" is completely idiotic. It's one thing to do it in June after the selloff, now is just plain incompetent.
Getting close to the day he gets fired for incompetence.
Anyone actually read his piece?
Uhmm yes. And the analyst doesn't appear to have a clue on what constitutes "real property" for REIT purposes.
I bought options on Monday because I'm so confident they will get it. Analysts are mainly idiots that just eeked their way onto Wall Street with the worst jobs there.....
Bought more options this morning. This guy is a freakin' moron.