Artis Real Estate Investment Pref Shs Series E T.AX.P.E

Confused

[Frankie10]

I don't understand how Samir would not buyback units here, after having bought back units much higher, so aggressively.  Either we are buying back units or there is big news cooking and we can't for regulatory reasons.

[garyreins]

Let me spell it out for you- THE GAME HAS NOW CHANGED.  The goal is no longer to BOOST NAV and AFFO, it is to CLOSE THE gap by selling the farm and returning capital to SHAREHOLDERS.

[DZtrader]

The PRO has spoken! Take note all you peeons.

[Frankie10]

Thanks for bestowing that nugget of knowledge with me before I muted you. The site is unusable without you muted. I wish you all the best. Good bye.

[jmkOttawa]

Are you saying that I shouldn't have sold? Gary..!!!  Now what am I going to do.....  I was counting on the final flush and retiring on the money I was going to make on the short trade. You said that you were a pro!  Sheesh!

[Catchtherally]

I speculate a SIB is brewing 

[jmkOttawa]

I was wondering the same. 

[rad10]

  interesting to see where he allocates the proceeds of the various sales.  NCIB SIB or all of it to retiring debt. Buying back preferreds in the open market (discounted) probably gives the most bang for the buck doesn't it?  

[Frankie10]

I was discussing this with a smart friend of mine, who is heavily invested in Artis, and he arrived at the same speculative conclusion as Catch - which is that a SIB is cooking and Samir dosnt want to pump the price before the offering, which would make the offering less attractive. Personally, as I stated, I believe we either can't buy for regulatory reasons, or we are in fact buying and

[rad10]

  agree in full.  I'm dripping away via brokerage DPP. I bought a few prefs too. I still think the end goal is privatization through sandpiper - but interests aligned for the time being. So nice and quiet on this forum now.  All that silly white noise.

[babybunny]

Of course, buying prefs without buying common would tip his hand, so there is good reason to hold off if in fact a SIB for common units only is in the offing.  And furthermore, the SIB could (should) include preferred.  

[Frankie10]

Agreed! I'd love to see a SIB that somehow offers to buyback commons and both classes of prefs. Perhaps the SIB sets a maximum number of units for each class and a $ maximum for the total SIB. Or separate SIBs for each at the same time. ...hopefully the asset sales continue and all this speculation isn't proven to be nonesense. I hope more meaningful sales are in place and announced