Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, August 24, 2012

Article Excerpt

DUNDEE REIT, $38.84, symbol D.UN on Toronto, has announced plans to sell its portfolio of 86 industrial properties to a new trust called Dundee Industrial REIT. These buildings contain 6.6 million square feet of leasable space. No price has yet been set for the properties. Dundee Industrial REIT will pay for the properties by selling shares to the public through an initial public offering. The trust is selling off these holdings as part of its plan to focus entirely on office buildings. However, it does plan to retain an as-yet-unspecified interest in Dundee Industrial REIT after the share sale. That will let it continue to benefit from these properties’ future growth. Dundee REIT is a buy. Dundee REIT was recently covered in the September 2012 issue of Stock Pickers Digest. Click here to access it. Dundee REIT was recently covered in the August 2012 issue of Stock Pickers Digest. Click here to access it. AMAZON.COM INC., $245.74, symbol AMZN on Nasdaq, is now selling electronic books…