Post by
daddyMac9 on Nov 10, 2020 2:45pm
Still not much love here
Looking to their financial metrics on results, BTB looks pretty similar to where they were last year except for the smaller divy and the pain from Covid which looks to have mostly passed, yet the stock is still 25% lower than a year ago. TNT is the same, looks relatively similar to last year but price is still way lower.
Is it jus that the debs convert in the mid $3's? Or people still think commercial real estate is never coming back? Or does BTB need to restore the divy they cut? I'm still not seeing why this hasn't come back at all...
Comment by
EstevanOutsider on Nov 10, 2020 8:08pm
i think the sillly lockdowns in quebec scared people away from them. i took the opportunity to add alot more shares since the pandemic began. when you have a top quality operator like riocan yielding 10%, btb doesn't feel so rejected. 2021 should be a great year for reits.
Comment by
stickbot on Nov 10, 2020 9:33pm
allot of volume entering, feeling of dred has left the markets.
Comment by
EstevanOutsider on Nov 11, 2020 4:55pm
another huge volume day. back to $4+ by the end of the year and probably a return to pre covid dividend in Q1 2021