TSX:TNT.UN - Post by User
Comment by
flamingogoldon Feb 13, 2024 8:29am
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Post# 35877108
RE:WOW
RE:WOW You are looking for promises in the wrong area. The commercial real estate sector has been gutted. The "best" we can expect in the near future (months to years) is a distribution re-instatement (at some level) and the path forward to achieving this is the strategy being implemented. But... no guarantees.
You have a right to disagree with the strategy. and while your previous post was incorrect, I'm surprised it was still removed as worse things have been said on other boards I've been on.
giovinco wrote: My post got removed for defamation according to stockhouse. I am out of here, how can posting truthful facts be defamation without being proven not to be true?
When they were paying me dividend, I was buying shares with all the dividend anyway so them stopping dividend and buying back shares is a transfer of wealth from shareholder to the company.
I don't think that is a good strategy after all for the shareholders, unless we can be promised a higher dividend payout at the end of the buyback to make up for the lost dividend payment missed in between.
I just hope that is what happens in April. They can't come back saying that they are reinstating the same dividend payment or even lower due to higher interest expense.
That's all. If they reinstate a lower dividend, then how is that increasing shareholder value? They may be just trying to hide the fact that they no longer can pay the dividend even at the current rate, which they said was safe not long ago after the cut happened.
The company must have hired someone to look over these boards which are truly waste of shareholders valuable money.
I was not against Daniel Drimmer but he clearly does not know how to make relationships work.