RE:DONT BLAME MEsnake123 wrote: Blame Derek. Derek Warren is the most reknown REIT expert around today. He was pumping Dream for years. Now he gives it a BIG DONT BUY. He recognizes this reit is nothing but a ponsy sceme. Selling good properties, taking big hair cut, gonna be left with a sh!tty portfolio and a high payout, as they use that cash to.......pay down cheap debt!! A big "DONT BUY" from Derek Warren: "A Canadian office REIT with a lot of Calgary exposure. Recently announced that they are doing a transition in the company, and immediately want to sell one 3rd of their portfolio, doing a CapX and then selling another 3rd, and only maintaining a 3rd of their properties. That is a lot of moving pieces and he doesnt know what the value of their properties actually is." Read more at https://www.stockhouse.com/companies/bullboard/t.d.un/dream-office-real-estate-investment-trust#4PJ965iQkqluMSKK.99
Then stop complaining when it drops... Its up today, take your money and run. I have been out for weeks, and like I said before, I like it better around $16 then its starting to look attractive again, but then again who knows how all the cards are going to fall... This thing is build like a house of cards, and someone just pushed it over... how will the cards turn out? Bit of a cr ap shoot if you ask me. There are better reits if you like reits.