Summary:
In June of this year, I published an exclusive SeekingAlpha article titled Buying Properties At A Steep Discount which documented the deep discount to valuation at which shares of Global Self Storage (NASDAQ: SELF) were trading at the time of publication.
Since that time, the market gave us an accumulation opportunity and have subsequently appreciated slightly from $3.91/share on the date of publication to $4.24/share at time of this writing. However, SELF’s shares remain stubbornly and steeply discounted to the liquidation value of the underlying properties as was explained in the June article.