Sell: Mitsubishi Estate (MITEY)
From Capitalist Times
Updated from Investment Digest 763, November 19, 2014
Our position in Mitsubishi Estate (MITEY), a play on Prime Minister Shinzo Abe’s efforts to drive inflation in Japan’s economy, never really lived up to expectations. Although the company’s portfolio of high-quality properties in Tokyo’s Marunouchi district should continue to generate stable returns, a thin development pipeline means that the stock lacks near-term upside catalysts. Sell Mitsubishi Estate.
Elliott Gue, Capitalist Times, www.capitalisttimes.com, 888-960-2759, March 30, 2017