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Red Hot Summer Stock 7: Public Storage (PSA) |
July 21, 2009 |

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TrimTabs, an independent research firm, said insiders of S&P 500-listed companies have recently unloaded $2.6 billion in shares, compared with only $120 million in stock purchases. Guess where the bulk of this selling is coming from?
That's right, financial firms. You know the run is over when even insiders don't want to hold on to shares any longer.
So where can you turn when market leaders start to fail?
Start With Public Storage (PSA)
In the last quarter, insiders at Public Storage (PSA) have bought more shares than they've bought in the previous 12 months combined. And there were virtually no sells over that time as well.
The stock is up 35% since the March 9 lows, it's over 16 times larger than its nearest self-storage competitor and the company is in a position of growth in even the worst markets.
It's easy to overlook this kind of business because it doesn't dominate the headlines by issuing press releases every 20 minutes.
This is a company that spends every day making smart decisions about its future. It buys properties where it can set up shop and turn a profit quickly and sells off underperforming assets before they weigh on profitability. This company quietly grows its quarterly numbers and provides a valuable service for people.
Now, you know that here at Red Hot Summer Stocks we only look for highly-rated stocks among the InvestorPlace community of investing experts.
And today there are two experts who have not overlooked the profit opportunities that come from Public Storage.
What Our Investing Experts Have to Say About Public Storage
Louis Navellier's Blue Chip Growth service has been able to laser in on the best growth stocks in all markets and has a proven track record of beating the market 6-to-1 over the last decade.
Louis is a realist and knows that while there are many encouraging signs appearing for the U.S. economy and market, there are still some areas that will lag any recovery. He points to housing and jobs as two of those areas.
That's why companies like Public Storage are a huge asset to families that need to move to a new state for a job or downsize their current home for something more affordable.



