IIPR: Now a Strong Buy; Explosive Growth Mid to Late 2020
I was bearish for a while on IIPR because it shot up much too much - and much too fast - just like pot stocks. Pot has basically undergone a "2008 recession" and will likely recover slowly in 2020 with the profitable stocks (not many of them!) likely fully recovering by 2021; some of the more growth-oriented and money losing companies will likely be several years away (2022) from regaining their 3-400% that many have lost.
While REITs are normally "sleepy stocks" as I like to call them with slow growth and decent dividends, IIPR will be not only one of the top REIT stocks, but also one of the better growth stocks over the next few years as cannabis starts to take off again in 2021-2022.
They have continued to hike dividends and this serves a high growth/high risk/somewhat speculative stock for those interested in a future-growing sector.
Slowly add positions from this level and add on the drops.
**Note. If the United States ever federally legalizes pot or many more states legalize it, this will allow pots to re-gain their parabolic nature. Until then, slow growth beings in 2020 with it picking up late 2021 through 2022 and beyond.
- zSplit
While REITs are normally "sleepy stocks" as I like to call them with slow growth and decent dividends, IIPR will be not only one of the top REIT stocks, but also one of the better growth stocks over the next few years as cannabis starts to take off again in 2021-2022.
They have continued to hike dividends and this serves a high growth/high risk/somewhat speculative stock for those interested in a future-growing sector.
Slowly add positions from this level and add on the drops.
**Note. If the United States ever federally legalizes pot or many more states legalize it, this will allow pots to re-gain their parabolic nature. Until then, slow growth beings in 2020 with it picking up late 2021 through 2022 and beyond.
- zSplit
