by Travis Johnson, Stock Gumshoe | October 11, 2019 10:36 am
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I would still argue that IIPR’s business model is about to collapse. While they may still find some tenants who wish to sell their property to IIPR in order to raise cash, the real driver for this has been the current lack of access to Federally chartered banks and their loans. Congress keeps coming closer and closer to giving marijuana growers access to Federal banks even while the product remains illegal under Federal law. When that happens, IIPR will have to largely live on prior transactions.
Certainly possible, though I don’t think that’s nearly as big a risk as the tenant health (I also think that if legalization or better access to banking services improve tenant health, that would be bigger “good news” than the competition would be “bad news”)… but it’s definitely a risk.
The preferred stock explanation was excellent as usual but your example of using IIPR does not show the power of preferred stock. If the call back price is $25 why would I buy for $28.80.
Buying preferred is the same as buying any equity, buy low sell high.
During times of downturns there are preferred stocks that can be bought below their buy back . The hope of course is that they’ll appreciate.
When supplementing retirement income I think preferred stock has a place in the portfolio.
I really value your knowledge so if there’s a hole in my thinking I would appreciate your feedback.
Thanks
I generally like the idea of preferreds for income, as a bond substitute with more risk and more yield, just be careful about call dates and premiim prices. And, of course, keep half an eye on interest rates.
What are the thoughts on the canibus company charoletts web
Seems there’s a lot of talk about health hazards of 5G. Some locales banning it from coming in. thots?
I imagine there may be health risks. Just as there are with powerlines, microwaves, wifi, and others. I don’t really think the risks will stand in the way as they never have before; although maybe they should.
Thank so much for this very detailed and thoughtful Fridayfile. The way you have answered this questions about 5 G investments and the other stuff, just excellent. It was at least a handful of questions that you answered so gracefully and I am sure that the person who had asked the questions isn’t the only one to benefit from your answers. Great work!
I am so grateful to have had the chance to read your Fridayfiles for the past 8 years or so.
Once in a while I have to say thanks for the great work you are doing Travis.
Wishing you and the team all the very Best!
Travis, you have cleared up so many questions I had, and left me with many more. I appreciate your detailed response, and have left me wondering if maybe I should be investing instead of trading; I am retired, and have been trading as a hobby. The only problem I would have with investing is that I would not be around to use the fruits of my labor (but my children will be if I do become an investor.) The information on concentrating on 5G build-out was very informative. Also, I had been considering tech analysis programs, but now don’t believe I really need one.
The only marijuana stock I have an interest in now is GW Pharma.. Anyone buying it here????
Yes, I bought at 110. Now, I’m going to buy more on Monday. Hope this is a good. I believe in this stock.
I’ve owned GWPH for a few years now as part of my US based portfolio (im based in Australia). They do have some strong long term drivers for the share price. Wendy has triggered my interest though and ill have to go in and run the math across them; I’ve some dividends to reinvest so might like to pyramid into GW..??
I bought April 2018 at $135. Down ~11%. Holding on.
My biggest drag for the year is pot stocks, they are all down 50% or more. I believe the Green Rush is over, the money to be made has been made. My best weed investment is buying seeds and growing myself.
I’m glad I bailed out on my pot stocks. I made money, but if I’d bailed earlier I would have doubled my profits.
Not sure who the young trader is that sent the question in, but kudos to him for reaching out to Travis and asking. Trading is a lonely pursuit at times and I think you’ve asked some pertinent questions.
For me, you 100% have to understand the difference between trading and investing, it is crucial you do and judging by the things you wrote im not sure you have that yet. Not to worry, you have time on your side, but ill say this, IMHO if you cant accurately read and understand what a stock chart is telling you, STOP TRADING NOW!
Just take a step back, continue to educate yourself and truly understand why you are trading instead of investing. In time you’d like to be doing both but you simply must understand the differences.
In terms of 5G, yeh Travis is well across this trend, you’d do very well by studying closely the stocks he has recommended his subscribers research.
I wish you luck my friend, please stay as a member, you’ll learn a lot here. Regards, Darren
You should check out TPB – don’t know the names you mentioned, but TPB way down on vape worries, is a very well run company and has other good businesses that will be fine regardless of outcome on vaping.