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

Dead money

[incomedreamer11]

Nothing can move this REIT , only Sahi

Insiders still selling shares

[flamingogold]

I see only 1 insider selling. I don't think it's always about insider selling. Look at Musk and all his sales. This one is being held back for some unknown reason. One day we will know and the pop will be missed. https://ceo.ca/api/sedi/?symbol=MRT&amount=&transaction=&insider=

[Shirtlessnomore]

I agree with both of you in that this is being held back for some unknown reason which bothers me and also I believe as well that it's dead money, in fact that is the general consensus obviously with the way it trades, both of those reasons are why I havent added more, to have dropped over $7 in a week and while everything else in the sector has recovered at least to reasonable levels

[WanTBe1]

Holding for now.

[Shirtlessnomore]

I am as well and I actually may add some when China invades Taiwan as I'm sure that will be the next stock market hit. Cheers

[flamingogold]

It sucks to be underwater, likely the majority of shareholders here, but it sucks more to hold an underwater equity that doesn't pay you to wait. I own some HEXO, and I know between this and that one which I will dump first if push comes to shove. So... I am ok to wait. This will move when Rai says so.

[Shirtlessnomore]

Agreed flamingo, I have stuck to dividend paying stocks with the exception of a couple cheapies that are merely speculative for that exact reason in these market conditions. Cheers.

[slst]

There is still a very large short position of 1.7 million shares.   They are closing out a bit at a time on a regular basis.  Even goo earning, we did not get any meaningful buying so the short are taking their sweet time.  as soon as the distribution is increased it will get more expensive for the shorts to hold on.   Am deep underwater on this one too.  With book

[NotDrake]

I completely missed it, looks like Morguard Corp purchased 450,000 shares of MRT two days ago.

[Malpeque2]

Way to go RAI!    These shares have not been left for dead just yet.   

[HermannHaller]

Thx, I missed it too. I guess that's why the stock has been a rock at $5.05. Doesn't MRC usually press release these buys? MRC had $566 million in liquidity at end of Q2. They could take MRT.UN private at $8/share for less than $200 million. Haha, fun to speculate.