As I wrote before, in a recession the demand for mini storage units increases.
At the time I wrote this though, the publicly traded storage companies were trading at PEs of 25 – 33. Overpriced.
Does anyone have any further information on this or other companies which will prosper during a recession?
I’m looking for companies which have low P/E, 15 or less, but preferably under 10. Next step is examining the rest of the ratios, then on to the balance sheet.
We need an investment service for recession proofing our portfolios. What Zeal does for commodities, someone else needs to do for recession cycles.
Perhaps it’s time to renew interest in a Piggington investment club? Rich, is that something that interests you?
I’m SOOOO happy that my new place has a storage area. It’s rather brilliant and I wish more places did something like it.
It’s a townhouse and the main level is a split-level. So, the upper area is above ground level. They then used the space below there to be a storage area, which is off the garage. The area is almost 500 sq. ft, which is just awesome for storing all those extra boxes I used to have scattered around the house or in the garage at my old place.
Of course, it just means I’ll probably end up keeping even more junk I should be throwing away.
Yeah it’s too bad there aren’t many small storage companies to invest in.. it takes alot of capital, since it’s usually commercial real esate…
Investing in storage was my first priority when realizing that housing was doomed.. unforunately I wasn’t able to find anything that fit my investment style. Bought and sold some PSA for a small profit..
The company I’ve been looking at is U-Store-It.. Going to try find a long entry point to the stock here soon..Symbol: YSI
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