Spirit Realty Still Spooks Me

I consider Spirit "spooky," and I am continuing to maintain a SELL. As a value investor, I am not necessarily looking for instant gratification, as that often results in underperformance.

Summary

  • I am in complete disagreement that this Net Lease REIT is "high quality."
  • I consider Spirit "spooky," and I am continuing to maintain a SELL.
  • I have no intention of jumping on the BUY-BUY-BUY train, as it could come to a screeching halt as quickly as the frothy returns that Spirit has generated.
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