TSX:NXR.UN - Post by User
Comment by
Jtpatrol1on Nov 29, 2021 3:05pm
70 Views
Post# 34176988
RE:RE:I hope NXR has learned something
RE:RE:I hope NXR has learned something hawk35 wrote: Should NXR learn something from back to back stock issues? They don't need to learn anything. They did an exceptional job in my opinion. Debt ratio is still low and they will soon become a billion dollar company.
Stock prices fluctuate short term but management is focused on medium to long term results and they have set themselves up to exceed their own expectations. We don't want short term flash in the pan. We want longer term sustainable growth. Even BOM thinks they are the best industrial play right now in Canada.
Remember, they have new BC leases coming real soon and expiring industrial leases will be renewed at much higher rates per square foot. They have $25 million dollars coming from the sale of surplus land in Montreal. And they have two properties (BC and Ontario) with excess land where they will build new properties. On top of that they have office and retail properties that will soon be sold and reinvested in industrail properties. Despite the short term nay sayers, I say they are winners ... big time.
The average analyst target price is $14.45. I'm quite happy with that but Nexus has a way of surpassing analyst expectations.
Hawk makes an excellent point, cheers