Dream Office Real Estate Investment Trust T.D.UN

Large volume today!

[BlueJay2020]

Is Samir backing up the truck? I added another 500 to take me over 10,000 shares. Still hoping for a double from here!

[Frankie10]

Already 4x average daily volume. If Artis is able to pick up a good amount of today's volume, that could mean game on. Artis has already bought 40k units in 3 days... Pull out the popcorn and grab a chair. Personally I am Team Samir/Artis. I think we should boot Cooper as CEO and DRM as asset manager. 

[BlueJay2020]

Most of the volume was in a 30 minute period before noon.  I'm intrigued as to who would be willing to sell such a large amount at this stage near a 52W bottom, and without causing a very noticeable price spike.  There is something in the wind.

[EstevanOutsider]

pretty sure artis is buying everyday (guessing they are the bmo buyer). also a very large canaccord buyer took 100,000 shares today 1.6 million shorts trapped and have to get out with likely only around 8 million units not controlled by michael cooper and samir manji. anybody allowing them to do it with a large block is giving shorts a gift. they are going to get their teeth kicked in when

[colombuss]

Can we ever boot the dream management? Seems impossible. Unless they want to cash out in one go at a premium price. They have plenty to put the cash into, the Dream development pipeline is in the many billions. It would be in their stategy to sell, but closer to NAV. And with a huge break up fee for their management agreement. It is sellable I guess  as a collection, with 2.5 million feet

[borne2run]

Volume only appears high due to the very low volumes during March. Of course, I could be wrong as I am basing this analysis on the TMX.com daily chart. It's possible that TMX didn't adjust trading volume for the period preceding consolidation (Feb 22nd). On a positive note, there have been 4 volume spike days sice early March, all UP days. Chart suggests accumulation since the double

[BlueJay2020]

What is indisputable is this stock is building up a serious head of steam.

[jmkOttawa]

Indisputable!!

[BlueJay2020]

And to continue the railway metaphor, the train has seemingly left the station. However, for those that foolishly did not get aboard it is a long journey with many station stops to $30-$35 and still time to run ahead to catch at the next one.

[EstevanOutsider]

dream office is a $38 stock using only a meager $450 per square foot valuation on their d/t core toronto portfolio. that's still $140 below IFRS NAV and easily feisible under current market conditions imho. the coming asset sale will help prove out dream office value. it will be the 2nd building sold in excess of $500 psf since 2023.

[BlueJay2020]

I agree with your valuation on an intrinsic basis.  I'm applying a discount for sentiment, as I think that will stubbornly cling onto the notion that office is dead.  We've seen this with tobacco stocks and oil stocks over the years.  Meanwhile shareholders are having their capital returned to them via buybacks and sizeable distributions.  One difference here of course