RE:RE:IS THIS THING Hey sarge nice to hear from you glad you're still here. I own this and some of the primaris spin off from hr, and some oil, enb, keyera etc, I'm not planning on selling I've owned this for a few years now I think my average cost is somewhere around $10, But yeah I guess that's how these guys are doing business I mean lots of other reits are buying shares back now. My point is really that they are coming up with these huge deals they just closed one that is 3/4 of a billion dollars they did not issue shares to do it but every time they do issue shares it's for a paltry amount of money which tanks all the shares and it just kind of ticks me off.... I do not view the share issuances as trying to grow the company, just as more of a cash grab. quote=SargeX]Hey Gas
Very long time, no hear. How is everything going?
I had made similar comments last year about DIR.UN but after some serious contemplation, I just decided that's how these guys do business. I figured if you want to own REITs (and many other high yeilders for that matter) then you have to expect this. Heck, BMO even did a big share issue.
In the end, I like the dividend income too much so have just decided to accept it although for various reasons, we are now down to just 2 REITs - NWH & DIR.
Take her easy
Sarge
gashole wrote: Ever going to stop issuing shares and diluting??? I just love how issuing 165 million dollars in shares tanks the company by 500 million in market cap--- I am getting a little bit tired of it.. Right as soon as the shares start to perform they crater it like clock work every year. If they want to do billion dollar deals then go for it but stop issuing partial shares for pocket money......... issue debt instead.
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