OTCPK:NNVUF - Post by User
Comment by
Kidlapikon Jan 21, 2016 11:10am
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Post# 24480488
RE:RE:RE:RE:RE:RE:January 2016 Distribution: 0.1358c/share
RE:RE:RE:RE:RE:RE:January 2016 Distribution: 0.1358c/share
I like its exposure to Nunavut. It has long term leases in place for Staff & Public housing with the Government of Nunavut as well as owning two major hotels in the capital Iqaluit. Full disclaimer I am writing this from one of those hotels right now, Hotel Arctic, it is always full and at from $210-250/night it is a nice money maker. That along with my conversations with Rob Palmer CFO of NVU that state the distribution is, and this is a DIRECT quote "very safe" and that the current (as of Jan.16, 2016) FFO payout ratio is less than 70% I sleep easy having these shares in my account. For all those people that don't believe when someone says they "talked with management" go to the website, fill out the contact form and find out for yourself or better yet pick up the phone and call them! These are not some magical ghosts they are real people with real jobs and that job is to work for us the shareholders. They will answer your questions. Am I saying this cant go any lower? absolutely not, for some reason this stock is tracking oil like it used to but now it is way less leveraged to Alberta than it was in the past. The picture will be clear after the first quarter financials but when will you get a better deal? Before or after.