Post by
Carena on Mar 07, 2024 2:51pm
October 23, 2023
Hi there,
Who knew that the innocuous 6-K filing by BPY on October 23 would mark the best time to buy BPO preferred shares, like perhaps ever? I think there was fear because BPY was re-defining cash or something....I never even understood it, actually.
I was certainly buying during this time,but I had the capacity to buy much more and didn't. What is the old saying, "why is it when the stock market is having a 50% off everything sale, everyone runs out of the building"? Lol.
In terms of this chat board, Pierre deserves credit for having, by far, the MOST conviction!
Congrats!
Nonetheless, it seems like things have settled way down, nonetheless, I will be selling a bit more here.
Have a great night,
Carena
Comment by
Carena on Mar 07, 2024 3:37pm
Hi Pierre, Good to know that you have sold some also. Congrats on the realized gain. I always sell some when the stock moves so dramatically. I have a very substantial investment in BPO prefs and probably have sold like 5% of my peak position. All the best, Carena
Comment by
pierrelebel on Mar 07, 2024 3:53pm
"I have a very substantial investment in BPO prefs" Same for us. We still own $145,000 worth of BPO.PR.T and we will eventually need to trim that a bit. We believe very strongly in DIVERSIFICATION, regardless how good an investment looks at a given time.. We also own 3,000 shares of Bridgemarq, purchased many years ago, also part of the Brookfield group of companies.
Comment by
Carena on Mar 07, 2024 4:02pm
Hi again Pierre, I agree 100% on diversification. I am aware of Bridgemarq and have followed it over the years, but never pulled the trigger. With a market cap of less than $150 million, I have no idea why it has not been privatized by its Parent, BBU. In the meantime, enjoy your dividend! Carena