Down 30%, Is This Slowing Growth Stock a Sell, or Is It a Buying Opportunity?
Shares of Prologis (NYSE: PLD) have plunged 30% from their peak last year. A big weight on the REIT's stock has been concerns about the effect of a slowing economy on its operations.
The weakening economy is starting to impact the company's financial results. That's clear from its slowing growth rates in the fourth quarter and outlook for 2023. Here's a look at whether this is thesis-altering or if the sell-off is a good buying opportunity for investors with a long-term mindset.
Prologis recently reported its Q4 earnings. Here's a snapshot of some of its key metrics compared to those it posted in Q3:
Source Fool.com
