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Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s):  DRETF

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.


TSX:D.UN - Post by User

Comment by BullishBaytixon May 12, 2016 5:33pm
123 Views
Post# 24867844

RE:RE:RE:$18.90!

RE:RE:RE:$18.90!
dsark wrote:
snake123 wrote: I hope everyone here understands the ramifications of todays breakdown, technically speaking.  All those that got in a day after their big 3 year announcement are not stopping out.  THere is no support anymore.  We are at mercy of the SHORTS.  And they are angry and thirsty to make some $ off of us, knowing mangement will sit by just paying down their cheap 4% debt and do nothing with the tons of cash on sideleines


I unloaded my position at the $20.00-20.05 cause oil was getting too weird.  The next day RBC downgraded the stock, despite markets skyrocketing.  I'm afraid I think ol' snakey is right.  200 day MA is 18.75 and it looks like she bounced off it a little (for now).  RSI at 35, MACD looks like it's about to get the final flush down the toilet as its been dropping like a rock since early March.  Technically there are 2 gaps that have to be filled ( if you believe in that sort of thing ) at $18 & $16.  

While I think their most recent report was good, it had no share buybacks & I think that's what Jane & Mr. Cooper failed. 

Sell properties, repay debt - check
Buy back shares capitalizing on discount to NBV, which would be accretive & increased BV - failed miserably 

Like others mentioned, Jane seemed to think unloading shares in the $20 was a good idea, so I followed the CEO's footsteps. 

They should have bought back 3M shares already.  

Good points. 

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