Is Your Money Safe in Public Storage?
December 02, 2008 at 12:35 PM EST
Public Storage (PSA) traded sharply lower yesterday–down nearly 19%–whacked by general market weakness and a downgrade from a Zack’s Research analyst. According to Zack’s, the downgrade was the result of PSA missing its third quarter estimate for funds from operations. The timing of this downgrade is odd as earnings were reported almost a month ago [...]