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Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.


TSX:MRC - Post by User

Comment by pierrelebelon Jun 28, 2021 1:15pm
84 Views
Post# 33460177

RE:RE:RE:Nice Break out over a previous high.

RE:RE:RE:Nice Break out over a previous high.
Northdorce13 wrote three weeks ago "Only way I see it going <140 again is if some weird virus variant pops up that the vaccinnes do not work against and everything has to shut down again for an indeterminate amount of time. "

Oh well, three weeks later, the shares are trading at $139 and change.

Why the drop? No variant, no new virus, simply one institutional shareholder unloading a large position.  It does not change the value of the company or its management.  It simply cost 10% less to buy shares today than earlier this month when the shares peaked.

My wife and I have orders to repurchase the shares we sold near the peak earlier this month.

And life does go on.


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