Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Position and patience

[flamingogold]

I have been postioned in Chorus, another beat up pandemic casualty, since the low $3's for a few months. Recently, a possible acquisition and analyst upgrade has the stock moving and moving quick. One can keep sitting on the sidelines hoping for a possible lower entry, which may or may not arrive. At which point, human emotion kicks in and many end up overpaying.

I bring CHR up because soon we will see similar action here. At the moment, aside from a lowly distribution, MRT is dead money to most.... unitl it's not. No one knows exactly what the catalyst will be... could be $100 oil and an economic resurgence out West. Could be a reduction in work from home mandates. Could be an analyst upgrade like above. Or, could be something totally unlikely.

After decades of trading, I have made the most with patience and lost the most chasing. Maybe some of you are better at trading but for most, timing is impossible. At the end of the day, week, month, year... position and patience wins almost every time.

[Northforce13]

Words of wisdom.   If MRT property values could stop hemorrhaging the SP would be worth a nice click more than they are trading at right now.    Biggest problem is property values keep declining, so loan capacity shrinks along with it.

[WEBuffettisbest]

  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