TSX:NWH.DB.G - Post by User
Comment by
SargeXon Jan 10, 2023 1:42pm
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Post# 35213864
RE:Next Step
RE:Next Step I actually think the next step is down when they cut the divy by 50%. NWH just got themselves into too much debt going on a buying spree for the sake of buying.
I've soured on REITs for the first time in many years and my wife & I have gone from 6-10 REITs up until 2019, and now are down to 2 - DIR and NWH. The main factor is potential divy cuts - and there's been a ton of them in the last few years in the REIT sector.
We have trimmed half of our NWH position starting in Nov at $11.25 and half our "core" DIR position (but still have a "bad" DIR short term trade on the books) .We've generated a nice +$18k profit from our DIR trim and a minor +$3.6k profit from NWH so it's not all bad.
We have also modified our investment strategy to never buy any more REITs but plan to hold this "mid" position in these last two.
Ciao
Sarge
TheBridge wrote: IMO. The next step up should be the $10 range, after some direction from the next quarterly report we should continue to take some steps higher. It takes some time to reassess the fiscal situation and react to it and I'm confident that the Board will.