By choosing to acquire fundamentally sound revenue drivers, Realty Income invests in high-quality stand-alone real estate leased to credit-worthy tenants with business models that are all differentiated by strong sources of operational cash flow and profitability.
This could look similar to the fall of 2008, when a complete loss of investor confidence and a massive flight to quality brought the global funding markets to a temporary stand-still.
The idea of an X-Factor as the winning gene is as true for people as it is for businesses, says Poulfelt, noting individuals like Mozart, Steve Jobs and Bill Gates -- who all managed to tap into a unique skill or quality to stand out from the crowd.
But the contradiction remains: a la carte cable or stand-alone services would save customers money, but would also vastly restrict what sort of quality programming would be available.