TSX:PMZ.UN - Post by User
Post by
materialsgirlon Apr 18, 2022 10:37pm
208 Views
Post# 34612091
On March 07 CIBC rated us as outperformers
On March 07 CIBC rated us as outperformers$18.50 was the target price.
Over the next several years the action will be driven by;
*** improving the vacancy level
*** development decisions and progress
*** acquisitions. This will be hard due to current discount to NAV
*** share buybacks
I do not foresee many dispositions except in some special case
where the acquirer needed the land for repurposing and the price
was double NAV
I am not a fan of buybacks normally but when a discounr is ~35%
the most attracrive action is to reduce the share count.
mat