You have to be hungry to stay at the top of golf. The big Nike money is somewhat counter to that. For golf they need to structure their contracts in golf more to performance based.
No real growth prospects and the energy overhang is my guess....the portfolio hasn't started feeling the pain in Houston yet which is a big market for them.
If interest rates were at a normal level. The fed tried to prop up the economy by enabling consumers with low rates...that worked for a little while but now they need to capture the spending power of those who have savings to have any kind of real effect on the consumption based economy. Savers have earned 0 and have cut back discretionary spending accordingly.
The back side of low interest rates are that rates of return are low as well.
There was an interesting article in the WSJ today regarding the difficulties facing the Houston office market. Given FSP's exposure there it will be difficult for the share price to improve materially until energy stabilizes. FSP has a high percentage of their portfolio in Houston, Denver, Dallas. Whether or not there is exposure the perception will keep institutional buyers of the stock on the side lines.