By Thomas E. Sobon
Fundamentally, National Retail Properties (NYSE:NNN) is well-positioned for growth in FFO and dividends for nearby years. But technically, the stock (along with many other REITs) is out of favor with the investment community. In this article I will explain why I am very bullish on the company but waiting for some indication that the stock is bottoming before I buy it.
Re: The Company
Ten years ago Craig Macnab was recruited to take control of a struggling triple-net retail REIT then called Commercial Net Lease. As CEO, his mission was to establish a corporate development program that would put the company on a growth trajectory. And almost immediately, NNN was on its way to...
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