TSX:PMZ.UN - Post by User
Post by
SNAKEYBOYon Jun 13, 2022 9:52pm
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Post# 34753944
I REALLY HOPE MANAGEMENT GETS CREATIVE
I REALLY HOPE MANAGEMENT GETS CREATIVE
I've never seen a REIT that had debt of 28% (most are 40-55%) and a unit price that is 40% off. It makes sense to me to just borrow 400 million to a 45% debt (which is still very good), and retire about 1/3rd of the float in one shot (10% premium to trading price)