RE:RE:Im no mathemetician..mcdok0 wrote: Why should Dream Office buy any shares when you can write down NAV and clean up balance sheet first. Not the way i was expecting, but can do the trick to build on a base on share price.
I guess you have to ask yourself can things get worse?? Are there more write downs coming? When they sell assets cash flow per share drops, but the dividend should be safe, and once they deploy that money back into new assets cash flows should improve again. I think there could be more headwinds, but likely around these levels its a pretty safe buy.