I think a lot of you here gonna watch in disbeliefas the positioning on TSX and SPY are very bullish and Vix are only at 16 and the bond repricing has good momentum (up)
The correction over the next 2-3 weeks gonna hammer D.un into single digit and possibly touches the 8 handle. Good luck to you all.
Value is definitely here for the long run, but in the short run this gonna be deeply discounted. 11$ failed. time to sell some calls at that strike for october and november to get some of your money back if you are in this for the long haul.
My sincere advice and good luck to everyone
I don't question any valuation model, I only hope that D.un will find a bottom soon.
Morguard corp just renewed their unsecured debt at 9.X% interest rate for 3 years. Expect a cap rate of 10-11 coming soon.
good luck!