TSX:NWH.DB.G - Post by User
Post by
50centdollarson Jun 21, 2023 12:01pm
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Post# 35507346
Book Value
Book ValueSo I'm looking at the latest quarterly numbers and I see net equity of 3.61B. The current market cap is $1.86B.
So does the market believe these buildings aren't worth the value recorded on the balance sheet? Or is this a startling mispricing of the stock?
I've been eyeing this one for a while too, and today's pricing has me sorely tempted. But something about this whole situation just seems off, and I am not at all impressed by this management team. The market is pricing this like they think rents will be going down and therefore the properties aren't worth nearly as much.
Even ignoring their near term payout/cash flow challenges, on paper this looks like a great buy on a purely book value basis. Curious as to others thoughts on this?