GKK - Gramercy Capital Corp.
Just a taste:
25 Stocks Benjamin Graham would Like
Gramercy Capital Corp. is a REIT that has holdings in commercial properties. Over 50% of those are held by the like of BOA and Wachovia. Both are strong banks that are not going anywhere anytime soon.
GKK has a 14.68% Dividend Yeild.
That means if we buy $1000 in it they will pay us close to $150/year in dividends which is pretty much guaranteed and likely to increase not decrease.
On top of that we have any gains that it may achieve on the appreciation of its stock price. A year ago this stock was at $32 so it has room to grow
Over the last year GKK is down 45%, which makes it very cheap today.
It has a High sales growth rate and margin, which means its good at making money.
-Cambo
GKK looks even better now - down an additional 40% since this original post. Question is: are there structural/financial issues that will prevent it from paying its (now 24%) dividend and appreciating. If the div is cut, the floor may vanish.