Like many of the stocks covered on WallStrip, there’s not much to see in the chart of PSA — just a nice, steady trend higher.
But this stock serves as a great example of what WallStrip does — it simply explains the catalyst behind what’s often a boring, and unseen story. Here’s a stock that up over 1,300% since 1991. It’s had it share of dips and consolidations along the way but it keeps on making new highs. While many people are looking at the new lows list, one could have found this gem on the new highs list many times over the years. Howard did a great job today of explaining what WallStrip’s about (emphasis is mine):
Pretty simple idea when you think about it. Store people’s crap. Public Storage (PSA) has been doing it as well as anybody.
Too bad so few people own it. Too bad so few people talk about it.
You think we are late at Wallstrip – that’s fine. I won’t argue about this being a good buy point or place to short or if this trend will continue. The show is about trends and this one has been sweet. Lindsay and the team do a great job of explaining a boring stock idea in an entertaining way on today’s Wallstrip.
Looks like I am not the only one that is late to this PARTY – RBC Capital Markets just initiated coverage with an outperform on December 8th and they have a little more research money to spend than me!
It was not chosen so you would run out and buy tomorrow, but to highlight a little talked about industry that has racked up huge gains for investors.
I do not own this one, but am in awe of it’s greatness. Throughout it’s history, all-time highs have just led to more of the same. Congrats to those that have caught this sweet trend. May it continue
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