OTCPK:NNVUF - Post by User
Comment by
maypeterson Mar 18, 2020 5:00pm
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Post# 30823534
RE:RE:Added today
RE:RE:Added todayBoardwalk went through this before when the oil prices crashed in 2016.
Approximately 60% of their units are in Alberta.
Considering that industrial reits and apartment reits have fallen 40 - 50% even for the most solid companies in the country - BEI will get hit harder.
The deal is going to close in September. If I read the buyers well - no one is in a rush to terminate the deal right now. These guys do not think like you and me (retail investors). The guy buying the NVU founded half the company. Not going to mess around with it. Also they own 13% of NVU. Maybe they buying now - can get for cheaper instead of giving $36.25 later on.
If the deal does not close in September the panic in the market should have subsided by then.
I also picked up CAP REIT, Minton, Killam, Interrent, Summit Industrial, Dream Industrial, Tricon, WPT Industrial and BSR real estate trust.
A lot of the REITS are trading at a huge discount now to their NAV from a month ago and the NAV for long term has not really changed. They may have to give tenants some extra time to pay rent but they will collect in the end.
One does not need confidence since what the market does is out of your hands. But if you know what you are buying and if you have a long enough time horizon then this virus calamity will pass and one does not need to panic. In a year we will look back and realize how silly it was and I am expecting a short term recession if we cannot even go to our workplace. It is inevitable. Sunnyboy wrote: I wish I had your confidense. Now NVU is probably holding up pretty good because of the potential takeover? NVU is only down 16% compared to the price just before the takeover bid. Check BEI.UN. It’s down 65%........Time to buy?