Every year Barron’s gathers a group of asset management luminaries for a roundtable discussion. The group collectively manages many many billions of dollars and includes people like Jeffrey Gundlach, Mario Gabelli and Meryl Witmer. While the discourse includes a bit about the overall macro environment, the focus is mainly on each individual’s top investments for the coming year.… Read More »
REITs have been extremely popular investments over the past few years as investors desperately thirst for yield. Not surprisingly, the space has attracted the interest of some ‘non traditional’ companies including data storage titan Iron Mountain (IRM), whose board of directors just approved REIT conversion plans following a favorable IRS ruling. Some other ‘non traditional’ companies, such as billboard… Read More »
CBS Corporation (CBS) continues to make progress in its three step plan for outdoor advertising company CBS Outdoor Americas (CBSO). The first milestone was achieved last month with CBSO’s successful IPO and now CBS has received a favorable private letter ruling from the IRS regarding the conversion of CBSO into a REIT. According to CBS CEO and President Les… Read More »