TSX:AX.PR.E - Post by User
Comment by
robert1229on Aug 29, 2013 8:37pm
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Post# 21708079
RE:RE:rates still rising
RE:RE:rates still rising
I think that a patient investor in Artis units at this level, i.e. under $14.00, will be happy one year hence. Maybe my crystal ball is cloudy, but I see the fundamentals at Artis, including but not limited to the current annual yield around 7.85% (my estimate), as attractive. My impression is that AX.un is a solid, carefully managed company, and I am content to collect the monthly distributions.
Another company that you may wish to evaluate is RMM.un. I think that the pay-out ratio is a little higher than at AX.un, so the risk might seem a little higher. My read of the RMM.un news is that things are moving in a good direction. The discount from tangible book value at RMM.un is a little deeper than is the discount from tangible book value at AX.un. This is not the only metric worth considering, but I regard it as a rather important metric.
Still, I urge anyone to make decisions only after independent research and with great caution. I have made mistakes before, and I have a feeling I will do so again.
rob