TSX:MRT.DB.A - Post by User
Comment by
WEBuffettisbeston Feb 09, 2022 9:45am
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Post# 34411913
RE:RE:Position and patience
RE:RE:Position and patience
Agree. and that lowly dividend is 4.4% at today's prices. They have a number of redevelopements ongoing, and they are not taking any chances with refinancings, so are retaining capital. Once things settle down, they could raise the dividend to .04 cents per month and still be retaining significant cash flow, that would be 8.8% yeild on todays price. That would be a real incentive to buy the stock, and could be the catalyst. Or repurchase shares, and being such low volume recently, that would have positive effect on price. And then with over 2.3 million shares shorted, if the shorts start covering, could be a significant boost. And they have the cash flow to do both when redevelopements are mostly done. Could be short squeeze