Top 10 'New Frugal' Stocks
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Frugal Stock #10: Entertainment Property Trust
It seems as though no matter how frugal we become as a country, we still have to have our entertainment fix. Americans are virtually addicted to watching movies, and we don't mind spending our money at the theater. That's why our final frugal stock pick is Entertainment Property Trust (EPR), a real estate investment trust (REIT) that develops, owns, leases and finances entertainment and related properties in the United States and Canada. Its properties include megaplex movie theatres, entertainment retail centers, and destination recreational and specialty properties.
Keep in mind that the modern movie industry was born during the Great Depression as an inexpensive form of entertainment. And when you consider that movie sales hit record highs in January 2009, it seems like history does indeed repeat itself. And if you're looking for a good frugal stock play that also comes complete with an outstanding dividend yield of about 12%, then EPR just might be for you.
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