TSX:BPO.P.A - Post by User
Post by
CrazyTraderon Aug 20, 2023 10:45am
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Post# 35596882
2 Conditions Must Be Met For Buybacks of Prefers, IMHO
2 Conditions Must Be Met For Buybacks of Prefers, IMHO1. They are yielding Crazy Yields.
2. They have become Costly (ie, reset at higher rates).
BPY Prefers are yielding CRAZY yields 10%+, but they are only costing the company probably around 4 to 6%. So, right now it doesn't make sense for BPY to buyback..... But it would make sense for BN to buy BPY prefers.
Would BN need to declare a buyback to buy BPY prefers if they are buying for investment and not to cancel them?
All just my opinion/view/thinking/guessing