The 'Elite 8' Strong Buy REITs

Summary

• There’s nothing SWAN-ish about March Madness anymore.
• But when it comes to REITs, don’t worry… we’re still shooting swishers.
• When you think about it, investing has a lot to do with roulette, because it teaches you the power of diversification.
• I’ll purposely revisit this article a year from now to see how the Elite 8 REITs have performed, and possibly there’s a Cinderella story unfolding.
• This idea was discussed in more depth with members of my private investing community, Rhino Real Estate Advisors. Get started today »

“March Madness: Was This the Best Elite Eight Weekend Ever?”

That was one of USA Today’s leading headlines on Monday morning. And with good reason too considering the insanity that ensued as the 2019 NCAA men’s basketball contenders narrowed down some more.

To quote the actual article:

After a first weekend that lacked the madness we’ve come to expect in the NCAA tournament – leading to one of the chalkiest Sweet 16s in recent memory – this weekend’s Elite Eight surely made up for it.

All four showdowns went down to the wire, with two reaching overtime, every game featuring double-digit lead changes and all of the losses separated by a combined seven points. The results led to two Final Four first-timers in Texas Tech and Auburn, and only one No. 1 seed – the one counted out the most, in fact – in Virginia, while No. 2 seed Michigan State upset the tourney’s top overall seed in a Zion Williamson-led Duke team that was the favorite to win the national championship.

It was impressive watching how Michigan State kept up with the heavy favorite, dogging its steps and mimicking its score until that very last second. Then, when everything was on the line, the Spartans pulled out all the stops to finish the night up one.

That’s one. Single. Point. A 68 to 67 final score.

To quote Fast and the Furious – a movie about a very different kind of sport – “Ask any racer. Any real racer. It doesn’t matter if you win by an inch or a mile. Winning is winning.”

If winning is winning, then we have to acknowledge the opposite as well: That losing is losing. So let’s face the facts… A lot of college basketball brackets got blown to smithereens over the weekend.

Analyst’s Disclosure:I am/we are long CIO, SKT, SPG, DEA, CONE, QTS, OUT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.