RE:RE:RE:Artis has lost money for 100% of investors in its history The dislocation between public and private valuations is remarkable. I believe monetizing this disconnect is the path to profitability for Samir and Sandpiper. I think they realized this some time ago, and tomorrow is the moment they unveil the plan (what they have executed on thus far). I'm sure Samir will keep whatever cards unplayed pressed to his chest.
As I have said - a SIB is accretive to earnings, cashflow, NAV, AFFO, FFO, etc... I think we sell assets, pay down debt, buyback units, and ultimately do what Samir has telegraphed with Cominar - sell it ALL but for the gems - then I imagine we auction the portfolio of gems to the highest bidder.
Tomorrow we find out if I'm as crazy as ol Snakey.