Brookfield Office Properties Inc T.BPO.PR.A

Here's were the "Error" is.........

[CrazyTrader]

It's most likely True that there's an arbitrage between the Prefers.... So there's a possible gain to be had buy either shorting the ones that are relatively "over valued" to the others, or buying the ones that are relatively "under valued" to the others...

But doing so ignores the other MOST LIKELY Truth.....  They are ALL most likely way way undervalued.  

All just my opinion/view/thinking/guessing

[CrazyTrader]

To clearify, the error is shorting any of the Prefers based on relative arbitrage between the prefers. All just my opinion/view/thinking

[pierrelebel]

Different strokes for different folks. Looking at the "big picture" I see about 10% yield on all BPO 5 year reset preferred shares except for the "T" yielding 12.3%. Shorting has little to do with the difference in yield at this time since over 41,000 BPO.PR.T shorts were covered in the first two weks of February. I still maintain that the discrepancy in yield is due to

[CrazyTrader]

Wow, Pierre.... you are really surpising me with your contrasting great insight with what seems complete blindness/ridgness of your views. 1. you continue to claim Brookfield will never buyback their prefers "pernament capital", meanwhile they are doing an active NCIB.  2. You expect the yields to the prefers to be all the same "inline"...  WHEN have they all been