IIPR: Most Promising REIT; Wait A Bit Longer Before Investing

2019年11月23日

IIPR is arguably one of the most promising REITs for potential explosive growth over the next 10 years. With Cannabis going under a violent and virtually epic burst where many stocks have lost 300-400% on average, and some over 500%, IIPR is finishing its correction.

Financially, the company is excellent, but technically and in a beaten down sector the stock should work back down to the trend-line where it either sinks below or rises above. I believe it will bounce off a lower fib level near $67-70 and start the next upwards wave. On the flip-side, if it breaks below this trend-line (which is unlikely), it would fall to the $50 level.

Although there are a few people on TradingView that are obsessed with this stock, there is no denying that for a REIT, a P/E of 55x is almost outrageous even for a speculative sector like Cannabis.

I would wait another [about] two weeks before deciding on a potential investment.

- zSplit

2019年12月10日

註釋

With the announcement that the board of directors is increasing the dividend for the 4th quarter (ex-dividend later this month) this may be the turned corner the stock needs to start moving higher.

A small lot would be a good idea at this level and see if the stock can pivot off this level. It is unlikely based on increased dividends and solid earnings last quarter (from last month) that this stock will drop below 70.00

- zSplit