Property stocks on the up

Price rises have prompted downgrades for ALE Property Group and BWP Trust but Abacus remains firmly on the Buy list.

Legendary US investor Phil Fisher advised investors not to ‘quibble over eighths and quarters’ when buying his kind of long-term growth company. When you’ve made an in-depth assessment of the company, its culture and its industry, and concluded that it offers plenty of value, why fuss over the exact price you pay for it when small differences will be lost in the wash?

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