Parkway Properties, Inc. – $PKY – Confident Investor Rating: Poor

Company name Parkway Properties, Inc.
Stock ticker PKY
Live stock price [stckqut]PKY[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance:

Parkway Properties, Inc. (Parkway) is a self-administered real estate investment trust (REIT) specializing in the operation, leasing, acquisition and ownership of office properties. The Company performs these services for its own account and for other institutional investors through co-ownership structures, such as discretionary funds and/or partnerships. Parkwat focuses on the Southeastern and Southwestern United States and Chicago. As of January 1, 2010, Parkway owned or had an interest in 65 office properties located in 11 states with an aggregate of approximately 13.4 million square feet of leasable space. Included in the portfolio are one discretionary fund and several partnership arrangements, which encompass 21 properties totaling 3.9 million square feet, representing 29% of the portfolio. With the discretionary fund and/or partnerships, the Company receives fees for asset management, property management, leasing and construction management services.

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.

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