RioCan Real Estate Investment Trust T.REI.UN

RED AGAIN

[thenewsnake]

YUP

[milliontrader]

im sure we wont see green ever again, until vaccine, so expect this to drop to low single digit in the next 6 months

[CANCDN]

I agree, we wont see green ever again. Dividend is going to be cut to zero. RioCan will hoard the 90% rent collection and all the money from the sold out condos.

[milliontrader]

you are confusing stock performance with fundemental. good fundemental, shitty stock is as bad as shitty fundemental and shitty stock

[CANCDN]

Its not a stock. its a trust unit trading on a stock exchange.

[milliontrader]

Does it matter ? The mentality has changed to all retail is fked no matter what in the future, now doesnt matter if they prove the nay sayers wrong, good earning this year? Next year retail is fked, proved wrong? Okay next year on and so on

[CANCDN]

I could care less if retail is f ucked. RioCan is all Toronto/Ottawa where space is limited and population exploding. I would agree everywhere else retail is done. In my town, its dying as the communities keep shrinking.  Im here for the Toronto Denisfication. Shoppers World in Brampton is going to make The Well look parthetic once it is built out. RioCan doesnt talk about it, yet go to

[BlueGuitar1]

Retail is NOT dead.  No pandemic last forever and it will end.  I am very optimistic that two things will happen: A vaccine very soon, great therapeutics, a virus that is becoming less virulent naturally.  If you examine most Africa countries and Sweden where there was neither a shutdown nor mask wearing, the death rate and hospitalization rate is very very low.  For Sweden, it

[milliontrader]

Vaccine is too far away, there is no and wont be treatment for virus without a bad side effect and we will never ever get even close to herd immunity when non competent wants to shut down the economy everytime we go from 100 daily cases to 120

[BlueGuitar1]

It looks like herd immunity exists in Sweden. It looks like most of Africa is doing great too.  Perhaps because they are using HCQ + Zinc prophylactically?  Looks like it along with herd immunity.  Treatment using Beta-Interferon looks amazing too.  There will not be another shutdown.   Even Canadian Banks are starting to make their employees go back to the office

[SeekAlpha81]

I agree on all counts, perfect post! My gut instinct tells me the Pfizer vaccine will be the first to submit to the FDA in late October. This next quarter will be the last time to get in at beaten prices before the narrative turns to one of recovery. GLTA!

[YieldChaser88]

Well said. What stocks do you use to write covered calls if I may ask? You write them 2 months out usually ? 1 month? a year? Why not use ZWB and have an ETF do it for youfor the top Canadian banks, for example?

[milliontrader]

herd immunity exists there because they didnt shut down, u cant get herd immunity if u dont let the virus spread

[Tommy123]

This post has been removed in accordance with Community Policy

[hroark7]

I think when the next earnings release in late October comes, and people see the huge bounce-back (90+% rent collected, which will also mark up the value of the real estate) which will result in huge earnings growth, people will realize fears will be overblown. Looking ahead we also have Pivot coming online, which is fresh incremental revenues for Riocan.

[BlueGuitar1]

Now that was a funny post don't you guys think?  "milliontrader" says we will see LOW Single digits in the next 6 months.  You really think RioCan will get to $5?  LOL.  I mean that.  LOL. 

[CANCDN]

This didnt age well

[milliontrader]

Omg I missed the green by 5 minutes! Why didnt you call me ? It's such a rare moment almost as rare as seeing a bigfoot in ontario