TSX:REI.UN - Post by User
Post by
laserjeton Nov 25, 2003 1:19pm
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Post# 6696661
REMEMBER
REMEMBERREMEMBER THESE DAYS.
LASERJET
SUBJECT: $14 T0 $ 15 VALUE Posted By: laserjet
Post Time: 5/30/03 11:56
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I HAVE ALWAYS BELEIVED THAT REI TRUE VALUE IS IN THIS PRICE RANGE.
FOR SOME FUND TO TAKE OVER SUCH A FANTASTIC REAL ESTAT HOLDING IT MAY BE WORTH MORE.
ALL THIS SHOPPING CENTRES HAVE FANTASTIC LAND HOLDINGS IN THEIR PARKING LOTS. A LOT COULD BE DONE WITH IT.
IN B.C YOU ARE SEEING A NEW BREED OF SHOPPING CENTRES WHERE THE PARKING IS ON THE GROUND LEVEL AND THE SHOPPING CENTRE IS ON THE FIRST FLOOR.
MAXIMUM UTILIZATION OF LAND.
IN SOME PLACES HOTELS AND APARTMENT BUILDINGS ARE BEING BUILT ON THE SAME SITE CREATING BETTER USE OF THE LAND.
I THING RIOCAN IS ON THE RIGHT PATH AND ARE NOW CONSIDERING BETTER UTILIZATION OF LAND IT HOLDS.
$14 WILL SEEM CHEAP IN 5 YEARS.
GOOD LUCK TO ALL THE LONGS.
CANADAFAN AND EASTEARNER KEEP THE INFO FLOWING
LASERJET