TSX:BPO.P.A - Post by User
Post by
indoubtgetouton Apr 04, 2023 1:57am
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Post# 35377794
Mean reversion
Mean reversionAmazing sell-off on all BPO related prefs! Hard to imagine BAM is having major financial issues in their property division. So either the market is correct or this is a fantastic buying opportunity? What is likely is an institutional investor is bailing on BPO and therefore is a price taker. The broker desks may have known about this so they have stood aside and avoided this slide. Mean reversion could see this pref trade back up to $20 over the next few quarters.