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Syms Clothing earns more from Real Estate than Clothing

Real estate remains a good investment, particularly for Syms clothing.  The CEO of the store recently announced to its shareholders, that Syms Clothing earns more from real estate than from clothing

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.  The company had approximately $2 million in income from its real estate ventures, and yet only saw a little over $800,000 in profits from clothing sales.  Despite that admission, the CEO insists that Syms is not a real estate investment trust (REIT).

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