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Buying stocks of companies that just announced converting themselves into a real estate...
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Tuesday, September 18, 2012, 1:40 PM ETBuying stocks of companies that just announced converting themselves into a real estate investment trust has been a winning strategy, according to dealReporter. If the trend holds, Clear Channel Outdoor (CCO -0.9%) could be an interesting play after comments the firm's CEO made on the last earnings conference call (transcript) seemed to leave open the door for a conversion to a REIT in the future.
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