CWQXF - Castellum: A Lot Of Uncertainty With No Dividend But Portfolio Is Attractive (Rating Downgrade)
2024-03-10 08:04:31 ET
Summary
- I've sold my stake in Castellum and do not plan on holding long-term due to the company's low yield and slow growth strategy.
- Castellum's property values have decreased and there is volatility in leasing, making it less attractive for me.
- I believe there are better European real estate investments with better risk/reward ratios than Castellum.
Dear readers/followers,
I've been covering Castellum ( OTCPK:CWQXF ) ( OTCPK:CWQXY ) for a number of years, also investing in the company for a long time. I even have a few shares still in my portfolio in the way of a buy-write covered call, which as long as the company stays above a certain level, will return an annualized ROR of at least 16%.
But I have no shares with the intention of long-term holding at this time. In this article, I will show you why that is, and what my plans are for the future with this company and investing in it. Let me be clear though, Castellum was a 5%-yielding stock when I owned it, and with a YoC of almost 6%. I do not believe Castellum will ever really go back to being that....
Castellum: A Lot Of Uncertainty With No Dividend, But Portfolio Is Attractive (Rating Downgrade)