No. of Recommendations: 3
Looking at REIT preferred stocks I looked into MDV, Modiv Industrial. I ended up with both the preferred and the common. A small REIT specializing in industrial and manufacturing properties, they are well positioned for the current political times, but it was an Mungerish quote from the CEO that gained my attention. Something to the effect of "opinions are like A-holes, everyone has one but you don't necessarily want to hear from it". Not your typical earnings report. I was also impressed that they try to rent to tenants who have a solid business going foreword, not just the willingness to pay a higher rent.
Here's another recent quote: My hope is that those investors out there, who worked damn frickin hard for their money, will read this and say to themselves 'this dude is a good steward of my capital'. To paraphrase Warren Buffett, I personally have put all my eggs in one basket (over 1.11 million eggs to be exact - which is over 8% of the MDV basket), and I am watching (and thinking and strategizing and perfecting) that basket 24/7. Each day we climb the hill, each day we grind it out, and for those of you who that resonates with - then welcome to the tribe.
