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Boardwalk REIT (BOWFF) has not moved much since we turned bullish on it late last year. After two years of maintaining a negative stance on this REIT, we saw the combination of improving fundamentals and extreme capitulation as possible catalysts for setting up a nice entry point. While the call has not been an embarrassment, it has not exactly panned out either.
Data by YCharts
We decided to take a fresh look to see if this one still warranted an investment or if investors were better off looking elsewhere.