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Public Storage

The_TimThe_Tim
edited February 2007 in Investing
Anybody remember back in July of last year when I said the following:
When people start to downsize, what will they do with all the stuff they've collected to fill their McMansions? I've got this feeling that they won't readily part with their precious consumer goods. As such, I predict an uptick in the popularity of self-storage facilities. I've actually been mulling the thought of buying some stocks in Shurgard and Public Storage. What do you think?
Since that time, Public Storage bought Shurgard, and stock in PSA is up 45%.

Dang. Why didn't I take my own advice...

Comments

  • synthetiksynthetik
    I remember... And they probably have another 100%+ to go. In fact, they'll probably never stop going up in value! The next bubble: Public Storage! oh no!
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