Happy Thanksgiving Folks!!!
I was busy surfing around for deals in the internet for the kids edition of the fire kindle when I suddenly found a deal in FLT instead. Alright, I'll talk more about the Amazon buy in my next post.
I added 20,000 shares in FLT today at a price of 91.5 cents. I bought them earlier on the 15th Nov for 93.5 cents, so I'm just adding my tally to it.
I'm just going to write through briefly what I like about this company.
Pure-play Australian Industrial Portfolio
Let's face the truth.
The Singapore industrial properties are going to have a glut of supply in the next few years. Together with the poor economic forecast, this is going to get worse for the demand.
Depending on how you see it, this can also be a risk as the properties are concentrated in a single country ...