TSX:TNT.UN - Post by User
Comment by
EstevanOutsideron Oct 30, 2023 1:29pm
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Post# 35707547
RE:20% dividend is not enough to entice some buyers
RE:20% dividend is not enough to entice some buyersThey haven't commented on the distribution safety - only privately in which they expressed confidence in it. After that hit piece at the National Bank, they have yet to respond to it. Market is going to need meaningful reassurances on this one. AP at 12% yield. Not sure I ever seen a 18% distribution stock with a happy ending. TNT does not have obvious issues to me outside of the fear / narrative. I believe they have good properties in good locations. Financing interest risk is there but don't think financing itself is a risk on existing mortgages. Anybody talk to them recently?