Triple Net REIT Noise – Increased my O

Yesterday was one of those days for Triple Net REITs due to one specific REIT disasterous earnings.  Like the lemings that investors typically are, every like REIT suffered max exodus – the fear quotient.  I got out my check book and increased my position in O.  I basically doubled my overall position across both taxable and non-taxed accounts.  I grabbed the knife on the way down and did not get the absolute bottom – two positions, 1@55.5 and 1@55.8 … i’ll take the cuts on my fingers for this one.  Brad Thomas (Mr. SA REIT) wrote similiarly yesterday and promised to write more about O.

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