Madison Pacific Properties Inc T.MPC.C

You read it here first.

[undervalue]

https://www.canadianvaluestocks.com/madison-pacific-properties/

I think he is conservative. The Vancouver proper industrial, Mount Pleasant and East Van have been getting 3 times FSR and trade for $1000 a foot (just land) The City has been granting 6 times FSR on some projects (ie twice) I will leave it up to you to look up the square footage.
The Coquitlam project is 1400 units, and Silverdale should earn 200k per doorstep over the course of the devlopment. (700 million)

[tkirk62]

I'm absolutely being conservative (it's kind of my whole schtick). I think it is probably worth more. But whether we're talking $12 or $14 or $16, the story is the same. So when I write something like this, I like laying out the conservative case as sort of an "inarguable" floor, and then hinting at the additional/likely upside to let people figure out how to think of the

[undervalue]

Thanks for the thoughtful analysis. I see Mpc as low risk, lot's of intrinsic value. Some yield, and very solid management that have significant ownership.  The drawback is terrible liquidity. It takes forever to establish a position. The source of shares pretty much being the Foundation. No plan to exit anytime soon, but, selling will likely be as difficult.  Thanks again.