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The Week; April 10 - 16.(Steven G. Osgood resigns from U-Store-It Trust)(AmeriPath Inc. builds new pathology laboratory)(A. Schulman Inc. announces its share price)
Crain's Cleveland Business, April, 2006
Osgood's REIT stuff: Steven G. Osgood, president and chief financial officer of real estate investment trust U-Store-It Trust (NYSE: YSI) in Middleburg Heights, resigned, effective April 20, to become CFO of Global Signal Inc. (NYSE: GSL), a REIT based in Sarasota, Fla., that owns wireless communications towers.
Securities analysts at Wachovia, Citigroup and Harris Nesbitt downgraded U-Store-It stock, taking Mr. Osgood's departure as a sign of instability. U-Store-It reported March 11 it had missed analysts' forecasts for the fourth quarter of 2005, when it reported a loss of $2.7 million, though it was profitable on an annual basis. Don't trick the boss: Cleveland Mayor Frank Jackson is back looking for a chief of regional development. The mayor withdrew the...
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