Personally I think PSA need to look at a merger with a company that needs PSA. It could be a private company or a public company. Someone who is asset rich, but cash poor.
The problem with this idea is that any merger than extends the shareholder base will dilute TF's holding and could reduce his hold on power.
I am a former shareholder and am not a major fan of PSA management. I agree with other posters on this thread. The assets are insufficent for a company of this size and with gas at the current prices combined with the hedge contracts running out soon, combined with trying to move into the shale oil business (a little too late in my opinion) it doesn't look too good.
PSA's one saving grace is their cash position. They need to use it wisely.
PSA Price at posting:
17.5¢ Sentiment: Hold Disclosure: Not Held
