Workspace BUY

I like Workspace and they have made me money in the past. The only reason I have taken a look at them again is I have seen a lot of chat on the bulletin boards etc and some positive news stories coming out with good results announced, increasing occupancies and a good management team in place.

Workspace rent out office space so have been clearly battered by the economy on two fronts:- one commercial real estate (they own all of their's) has plummeted, 2 - with folding companies etc there has been less demand.

However the picture is now changing. Arguably the property decline has bottomed out and is starting to sidewind. Also the recession has brought about a new breed of entrepreneurs looking to exploit the market and also on the hunt for cheap office space to give their businesses a presence. We look like we are due to officially exit the recession as well and property prices will inevitably start to increase as a result.

This is one stock for the ISA and one I intend to hold for some time to see a return. It's not a quick play!