"The investment environment strikes me as very fragile right now," says Winthrop Realty Trust...

|About: Winthrop Realty Trust (FUR)|By:, SA News Editor

"The investment environment strikes me as very fragile right now," says Winthrop Realty Trust (FUR) CEO Mike Ashner (CC transcript), calling it propped up by low rates and capital that ought to know better. "I would rather sit on cash than lose cash and make a poor investment. I did that in 2006 and I'm not going to do it again."