Post by
slst on Mar 28, 2023 3:03pm
MRC continues to buy MRT.UN shares in the open market
They are patiently buying shares.....Cash is a precious commodity in these turbulent times.
So MRC must see good value in thier subsidiary. Explains why they are not restoring or increasing the distribution, even though the cash flow generation supports it.
Will likely do a financing at much higher prices, or just consume thier sub, trading at 1/3 the original cost of the Real Estate properties.
Either way patient shareholders do well, collecting a modest distribution while we wait.
Fingers crossed.
Comment by
flamingogold on Mar 29, 2023 10:50am
Rai has plans for this, a wise old man who has learned the power of patience. He is quietly scooping up as much stock as he can at these depressed prices. Who will join him in his patence shall profit too.