TSX:TNT.UN - Post by User
Comment by
giovincoon Aug 05, 2023 11:19am
132 Views
Post# 35574788
RE:RE:No one has any comments?
RE:RE:No one has any comments?So, this stock should be around 5 dolllars using riocan valuation metrics.
I am going to load up and retire on this stock if price does not go up soon.
They could use excess cash to either buy new buildings or pay down debt with high interest rates.
Their stock is yielding close to 12% a year, so they could refinance at 6% or lower and just keep buying back shares until it reaches 6% yield also works. They should diversify so don't use all to buy back shares and save up some money just in case. No need to make the stock price go back to $5 any time soon. It will get there when central bank stops raising interest rates. It's in excellent position at the moment and I am happy to load up. Just not rich as Daniel lol.
We are already seeing many companies starting to layoff their workers, which will continue at the current interest rate and interest rates will need to come down in the years to come.