When investors get an investment idea in their heads, they often take it to frightening extremes. The brutal correction in the online space in 2000 is a prime example.
But there's a similar online trend that's gotten a lot of attention lately, namely the growth in online shopping. That's taken the shares of Prologis (NYSE: PLD) sharply higher over the past decade. Is it worth owning this warehouse-focused real estate investment trust (REIT) now that it has pulled back from recent highs?
Prologis' stock is up roughly 275% over the past 10 years. That compares to 190% or so for the S&P 500 index and a scant 50% for the average REIT, using the Vanguard Real Estate Index ETF as a proxy. That's some pretty clear outperformance.
For further details see:
Should You Invest in Prologis Right Now?