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$FCPT announced acquisition of two Arby's restaurants in Roanoke Rapids and Rocky Mount, North Carolina for $3.5MM. $FCPT funded acquisition with cash on hand. The restaurants are occupied under triple-net lease with about 18 years of remaining term, and transaction closed at going-in cash cap rate of 6.6%, exclusive of transaction costs.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?
$AVGO 4Q results beat analyst’s expectations again this time. Time to make some hay while the sun shines ;)