GREY:ACCKF - Post by User
Post by
retiredcfon Mar 20, 2014 8:42am
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Post# 22345013
Analyst Recommendation
Analyst RecommendationLast stock in the clip. An interesting assessment on what has happened to the SP. It definitely looks like a bargain at its current price. GLTA
https://watch.bnn.ca/#clip1074969
| 2014-03-19 |
Michael Missaghie |
Owner of very high-end retirement homes across Canada. Trading around the 10%-12% discount to what the assets are worth. Fall of this stock price has befuddled many in the investment community. The only thing he can think of is that they have come out with some increased disclosure looking through to some of the assets where they own partial equity ownership and the leverage looked a little bit higher than most people anticipated. Also, they have a large proportion of their assets in lease-up, whereby they are not fully stabilized so some investors might be a little bit concerned as to whether those assets are going to be stabilized sooner rather than later. He has confidence in this company.
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Price:
$7.350
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes |