TSX:SRU.UN - Post Discussion
Post by
logicandinertia on Sep 14, 2020 4:27pm
Slow progress but progress nonetheless
Starting to outperform the cdn REIT etf (xre) . Weekly rsi against the XRE above the important 50 level for first time since May 2019. A long long period of underperformance that is starting to see some faint signs of reversal. You can run the ratio chart on stockcharts.com.
Can it be sustained? With no uptick in hospitalizations and virtually no deaths in Ontario from covid over the past week, hard to see a move back to lockdown.
Will need to show some more progress on collections in q3 but they have already called out the gains from condos which should bridge them thru to 1h/21 when a vaccine is fairly certain. Money flow into retail/travel/hospitality/financials will be rapid at that point.
Look at the chart - downside support appears solid at $20 and upside at $25-27 imo, so $5 to $1 upside vs downside . Plus collect the dividend while you wait .
good luck.
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