TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Feb 23, 2024 10:03am
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Post# 35895405
RE:RE:Pierre.... Comparing the A's current yield of ~10% to T's
RE:RE:Pierre.... Comparing the A's current yield of ~10% to T'sPierre, while what you say is probably mostly TRUE, it's only half the Truth. Yes, over past 10 years share prices all moved together as well their yields.........
BUT the other truth is I don't think all their yields at any time were the same for any significant amount of time. Which is basically your whole Thesis as to why T's are undervalued. For your thesis to be "correct" all of the Prefers would have to reset at the same time and at the same 5ry rate. They it would make sense that all their yields should be the same.
Don't get me wrong, I believe the T's will reach $16, $17 ...... but how it does relative to the other prefers long term I think it's not going to be what you expect, short term maybe...
but like Oilinvestor52 says, we live in a crazy world, who knows what the market does. He probably has the best answer..... Just buy them all........ or like what I said before, get what ever you can... That's if you believe Brookfield won't default on BPO.
All just my opinion/view/thinking