First Potomac Realty (FPO) presents an interesting trade for investors seeking a long term growth play. While there is a moderate level of risk, I believe investors with a longer horizon should benefit as the company executes various steps associated with its revised strategy capital plan.
The company has been aggressively pursuing a better balance sheet. To facilitate its goal, the company's board of directors has developed a revised capital plan, and is in the midst of major mid-period activity. I believe management's success in the third quarter, which included judicious capital allocation, provides reasonable evidence First Potomac can execute key tenets of its strategy.
First Potomac Realty is an owner and operator of industrial/flex,...