For Posterity
I’m posting the analyst activity for PLD as of today:
CLICK TO ENLARGE
I believe ProLogis will fail because is way over-leveraged. Someday, I will either be a hero or a goat. Later, I want to look back to this and see how I compare with the professionals.
Also, I want to clarify a few things. First, all my analysis has been done using the Internet the public SEC filings. Second, I am NOT saying there is fraud. However, I do believe there is definitely an opportunity for creative accounting, particularly with regard to entities with whom they carry out transactions, retain an ownership interest AND act as manager. Pricing and structure is the key on these transactions.
“If it’s too good to be true, it probably is.”