TSX:PMZ.UN - Post by User
Post by
baldstockon Jan 17, 2022 4:44pm
246 Views
Post# 34326098
It won't go under $13.00
It won't go under $13.00 Too bad some people sold it under $13.00
I actually bought more @12.79
It is simple math NAV is approximatelly $22.00
I know malls are dying but discount 50% of NAV is not making any sense.
If reit have tons of debt than maybe 50% discount make sense (like CBL ASSOCIATE before consolidate) but it is not the case.
I wont add more from here because i went to Sherwood Park Mall personally and it's not doing well. Half of food court is empty. I am not sure about the malls in Metropoltian but the malls at country side not doing well.......
I think price right now 14~15 dollars is right value. right amount is discounted it.
just small position in PMZ.un :) and happy to own it