Housing Stock #5 –
Stratus Properties (STRS)
With prices on the way down, property management companies simply can’t command the prices they once did for land and homes.
Stratus Properties (STRS) is a perfect example. The company has
about 1,600 acres under management and development. And every single one of those parcels is worth much less now than it was a year ago.
There is no point holding Stratus at this point in time, with no uptick in the housing sector in sight.