What's The Probability That This Dark Horse REIT Wins?
- In any “dark horse” race, the odds for Lexington to outperform were high, but I was convinced that there were “probability distributions” that could lead Lexington to grow.
- I was predicting that Lexington would be ahead of the game by now.
- Clearly Lexington has the cash flow to pay out a higher dividend but instead the company has opted to prudently retain cash to reinvest and pay down debt.
- It’s an endurance contest where the winners and losers are separated because they pick stocks with above-average appreciation potential and safe and growing dividends, and buy them at attractive prices.