Post by
Beabaggage on May 10, 2022 7:52pm
added to MRC
at US 91.. unbelievable value and assets..nice to see them sell off things like apts in US south at a premium and wind down some hotels, should have no problem refi debt or using mtges when debt coming due is to be repaid despite concerns of rating agency recently.
Comment by
Beabaggage on May 16, 2022 4:16pm
I don't know why they arent buying back shares and or why the Sahi's don't just take this private w the help of say a pension fund or other group interested in owning these premier assets at a huge discount.
Comment by
NotDrake on May 25, 2022 5:25pm
Has it ever had this kind of gap in doing buybacks? They haven't purchased anything in 1.5 years -- the stock has had a worse drawdown/underperformance relative to anything else in the last 3-5 years than during 2008/2009. Feels like something must be in the works, I don't know whether to think good or bad...
Comment by
WizardFuture on May 25, 2022 8:34pm
It is pretty obvious to me they're saving as much cash as possible for the upcoming debt renewal
Comment by
NotDrake on Jun 08, 2022 1:27pm
Looks like they bought 1,000 shares on each June 6 and 7!
Comment by
WizardFuture on Jun 08, 2022 2:38pm
Nice. Do you have a link?
Comment by
WizardFuture on Jun 08, 2022 2:39pm
Nevermind, found it: https://www.canadianinsider.com/node/7?menu_tickersearch=MRC+%7C+Morguard
Comment by
NotDrake on Jun 20, 2022 4:24pm
Just noticed Stockhouse is showing a Trading Halt notation today next to the price but don't see any notice of something going on anywhere else. Maybe an error or something that happens regularly for the stock during certain events?
Comment by
NotDrake on Jun 20, 2022 4:27pm
Never mind, seems to have just disappeared now.