Andy Nasr
Regal Lifestyle Communities
RLC-T
HOLD
Nov 15, 2012
Relatively new IPO and came off with the market. It is a small portfolio of less than 10 properties. You have to look at operating platform and management. Focus needs to be to build out the platform. There have been no quarterly results yet. Thinks you will get a good yield if you hang on.
2 business, Venture Steel, a steel distribution company and a fabrication business for retail and automotive. Has struggled with low utilization levels of its capacity and has taken on an inordinate amount of debt. End market demand is also weaker. Fairly valued.
Relatively new IPO and came off with the market. It is a small portfolio of less than 10 properties. You have to look at operating platform and management. Focus needs to be to build out the platform. There have been no quarterly results yet. Thinks you will get a good yield if you hang on.