BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

Huge Discount!

[DanielDarden123]

NAV/u is roughly twice the market price currently. With no rent controls in their markets, a take out is more likely everyday. Private money drools over these opportunities and likely is looking for bargains amidst the turmoil and fear of the recession bogeyman. Smart money does not wait for prices to recover!

[DanielDarden]

It appears that some brokers are not clear enough about whether their target prices are in U.S. $ or C$. I have notice this with HOM and SGR, both U.S. property holders. Obviously this would also confuse investors and would account for some of the underpricing. If these brokers ever get their currencies correct, these could be large beneficiaries. Until then astute buyers have outstanding

[retiredcf]

Marketbeat quite often mixes up their currencies (normally puts $C targets when they are in fact, USD). I have pointed out a number of their errors to them.  GLTA

[DanielDarden]

Further to my last post. Scotiabank now has a $18 U.S. target price here. However, TD and CIBC, in their Analyst section on their websites are using $18 C, a ~30% difference. Of course this reduces the average target immensely. Still, the average is $22 U.S. despite the error. If corrected the average target price would be considerably higher.