Brookfield Office Properties Inc T.BPO.PR.A

Pierre.... Comparing the A's current yield of ~10% to T's

[CrazyTrader]

~12%......   You are failing the "Big Picture".      If you want to see the "Big Picture" you don't look at short term, you look long term.  

I'm sure you understand that the A's dividend will most likely reset higher when it resets end of this year.    So that 10% yield while it's True now.... Big picture, that 10% yield means nothing..... 

"Big Picture" is the PRESENT VALUE of ALL future dividends.


All just my opinion/view/thinking....

[pierrelebel]

"  If you want to see the "Big Picture" you don't look at short term, you look long term. " I agree. Do the work! Set up ten year charts for all nine BPO 5 year reset preferred shares 1) chart their prices over ten years - you will see that they generally ALL move together - up, down or sideways 2) Do the same with their respective current yields and you will see

[rodbhar]

hmmm... my spreadsheet suggests that Ts are far overpriced relative to Rs. I guess I could look again at the assumptions.

[oilinvestor52]

Probably just splitting hairs between classes and who really can make correct assuptions in this crazy world, so just own them all. 

[CrazyTrader]

Pierre, 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.