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ChartWatch: Waste Management May Convert to a REIT
1/29/2013 2:55:00 PM
By: Wyatt Investment Research
Waste Management ( WM ) jumped 2% yesterday as speculation grew it would convert to a REIT (real estate investment trust).
REITs allow investors to own property simply by purchasing a stock. They are designed to generate positive cash flow and can avoid most corporate taxes.
Income craving investors are constantly seeking alternative
ways to generate income amid low bond yields. So REITs have
become a popular investment class. And REITs aren't focused just
in traditional real estate. A REIT can be a timber company or a
prison - even a waste management company can file as a REIT.
Waste Management remains a great company. And it only stands
to get better if it converts to a REIT.
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