Morguard Corp T.MRC

Great results today

[WizardFuture]

https://stockhouse.com/news/press-releases/2022/11/02/morguard-corporation-announces-2022-third-quarter-results-and-regular-eligible

[Malpeque2]

Where is the Company on the BUYBACKS??      They are authorized for 5% of the float.     They have taken in about 75K shares YTD.     5% is like 500K shares.   Stock is Super Cheap on Price to Book and Price to Earnings for a Real Estate Company with a diversified portfolio of properties on both sides of the Border.

[bruloil]

Mr Sahi is a value killer for his stock : never increase dividende, almost no buyback beside when HE buys the stock for himself at very low value with the bankster's arm... That is how he got so rich. I used to own many MRC investments (club link, twc, mrt, mrg, mrc) and I've learned not to be patient with this kind of guy; move away elsewhere and earn real yield.

[Malpeque2]

Good chance he is going to DIE before I do.    At least there is almost a mathimatical certainty that my kids will live longer than he does!        I can wait. He depresses the stock Intentionally.   It's all intentional........part of his game.

[NotDrake]

How many years of distributions will it take to cover the drawdown from the past couple of years? lol At least Morguard is giving everyone an opportunity to transfer shares at a low market value to the next generation, hundreds/millions saved in taxes.

[NotDrake]

Above average volume today

[Beabaggage]

maybe the company is picking some shares up, the earnings report was strong I thought. I added to it when weak, a long term holding for me.  Bea

[NotDrake]

  Unfortunately not to levels that will support/stabilize the public price.  ie avoiding transmission of any underlying value to investors.   There is no weak or strong, we are coming 3 years after the start of the pandemic and the price is still at the same levels, in its current form MRC/MRT only exist for the MM to scalp investors 24/7/365, probably shorting non-stop as well