TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon Mar 26, 2024 7:53pm
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Post# 35954298
RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not
RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not...as amongst the parties to the agreement. You can't take your crayon and add in BN.
What on earth does "BPY has been assigned for BPO" mean? "Its successors and assigns" benefits a successor entity to BPO -- nothing to do with BPY.
What do BPY financials have to do with this? Stop mixing financial reporting with the separate legal entities being reported on a consolidated basis. These are two separate concepts.
"Even if BPY continues, the guarantee continues." So? Even if you die, your credit card balance is outstanding. Who's gonna pay it?
Maybe BN will decide to absorb BPG into the mother ship to make it easier to put financing in place and to reduce the spotlight on the real estate portfolio. I'm sure that is one of the options they are considering. That would be a massive windfall for us.
Crazy, BN are a bunch of sharp MFers. They know what BPG is doing to the BN share price and are working to fix it. Whatever the fix ends up being -- and if rates come off maybe a fix won't be necessary -- enjoy your dividends. If you're not up for that, print your gains!