Just over a year ago I wrote an article on Campus Crest (NYSE:CCG) titled: I Must Confess, There's Plenty Of Zest For Campus Crest. In that article I explained that although Campus Crest wasn't "the biggest player in the specialty campus housing sector", I was attracted to the "more nimble pick" based upon the "uniquely advantageous proposition that rewards investors for higher development yields generated by organic construction and development". I added, "That translates into bigger dividends."
Well since that (February 18, 2013) it's clear to see that Mr. Market saw no "zest" for Campus Crest. Shares in the $1.18 billion (based on assets) REIT have fallen by over 30% in 14 months.
(click to enlarge)
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|