Moving and Storage Business News

The News Review:

- Public Storage to Release Third Quarter 2008 Earnings Results and …
- Businesses which make profit from recession
- Man Barricades Himself In Storage Unit in Sterling
- Preferred stock still a solid investment
- Refocused Management Thru The Downturn

Public Storage to Release Third Quarter 2008 Earnings Results and …
MarketWatch 
com,
under “Corporate Information, Investor Relations”
Date accessible through: November 20, 2008

Company Information

Public Storage, a member of the S&P 500 and The Forbes Global 2000, is a
fully integrated, self-administered and self-managed real estate
investment trust that primarily acquires, develops, owns and operates
self-storage facilities. The Company’s
headquarters are located in Glendale, California. At June 30, 2008, the
Company had interests in 2,015 self-storage facilities located in 38
states with approximately 127 million net rentable square feet in the
United States and 179 storage facilities located in seven Western
European nations with approximately nine million net rentable square
feet. Additional information about Public Storage is available on the
Internet. The Company’s web site is.

Businesses which make profit from recession
Irish Independent, Ireland 
Others are trying to maximise the use of the space they have. As a result, many retailers (and other businesses too) are putting items they’re not trying to sell into storage — good news for storage companies. “When things are going well, companies can afford to pay high rent,” said John O’Riordan, an accountant with the Dublin company Elephant Self-Storage. “They are not worried about having a lot of retail space held over for storage. In a recession, if companies can cut back on retail space, they’ll save rent. But they’re also more conscious that stuff in the store room should be out on display where it can be sold. They believe any retail space they have should be used to sell goods, while other items are put into a storage facility.

Man Barricades Himself In Storage Unit in Sterling
Washington Post, United States 
Sheriff’s deputies went to the Budget Self Storage in the 21600 block of Cascades Parkway shortly after 3 p. after the company reported that a man was living in the unit. Company employees said the man was acting erratically, and they were concerned for his well-being. As deputies arrived on the scene, the man barricaded himself in the unit.

Preferred stock still a solid investment
San Francisco Chronicle,  USA 
Sovereign, considered on the ropes by many, recently agreed to be acquired by Banco Santander, a global bank based in Spain. In my view, the acquisition reduces the chances that Sovereign would renege on its preferred dividends. — Public Storage Series W: 9. 4 percent, 44 percent. Public Storage, a REIT that operates self-storage facilities, is rated financially solid by several analysts. I don’t have room to cover all that you need to know about preferreds. However, Quantum is a good resource to learn the ins and outs of preferred stocks in general, as well as about individual issues.
Related: Comfort Zone Investing: A taxpayer’s perspective on TARP

Refocused Management Thru The Downturn
IT Business Net, CA 
But take a look at the firms that are solid and maintaining their own and perhaps even growing. In some instances the founders are still in control. In others senior management has a solid track record inside the company. They don t have a lot of flash but they know how to keep things moving forward in clear wind and turbulence. As for the replacement CEOs, some will learn but more won t. Downturn NovicesThe problem is that according to a recent study by the Center for Effective Organizations at the University of Southern California fewer than 40 percent of today s senior executives have any experience in leading firms through a downturn.