The sites they have are often in prime locations, l think the land holdings are a narrow moat . Next time you see a Shell in a central location check the owner probably it’s Waypoint. The biggest risk is a rise in rates, still they seem to manage debt well. after they sell locations often they seem to reduce debt.
safe income, Morningstar work on basis on life span for service stations and it’s my lifetime. Other advises seem to like it.
- personal opinions only not advice
WPR Price at posting:
$2.41 Sentiment: None Disclosure: Held
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