Post by
EstevanOutsider on Nov 03, 2023 10:17am
Added on the pullback today
not rallying again with the space. Market expects a cut. My take on with management is they were shocked by the downgrade and felt the company is in good condition to endure current conditions. They were not telegraphing a cut again and are in good standing to endure the current interest rates. With a meaningful asset sale on the block of a vacant property, I see their fortunes improving and more likely to surprise to the upside then the downside.
next catalyst for TNT is not cutting the distribution and providing some reassurance which would likely result in meaningful shareprice appreciation, IMHO.
Comment by
BlueJay2020 on Nov 03, 2023 11:39am
I agree - doubled my position this morning to 8000 at $1.67. Still a very modest holding as I am very overweight to Dream Office and overweight to AP. My plan is to rebalance across these three and NWH over the next little while. Also gradually accumulating INO - a similar story to TNT in some respects.
Comment by
lebouclier on Nov 03, 2023 3:57pm
I doubled my position at 1,485 the other day. As the close on Friday, it has almost entirely erased my losses so far. I am looking forward to the next report. That`s what patience gets you in this game.
Comment by
rabnud on Nov 03, 2023 6:32pm
$1.485 or you bought 1485 shares
Comment by
EstevanOutsider on Nov 03, 2023 7:42pm
I bought around 7500 shares today. Pay my cellphone & electricity bill on my 18% yield if right plus 30-50% upside when they confirm the distribution is safe and the REIT is not going bankrupt.
Comment by
BlueJay2020 on Nov 03, 2023 8:15pm
Yeah, these yield levels can provide serious cashflow! And I would argue that the risk/reward is very good. Heck, the "ultra-safe" BCE was down 25% from its 52W high at one point, and at the high the dividend was under 6%. TNT is offering around triple that, and to quite a degree that is based on the ramblings of a nutcase analyst spooking investors.
Comment by
EstevanOutsider on Nov 03, 2023 11:28pm
the way i see it as well is TNT was a 10% yielder for many years. so to see allied at 11% which is lower risk I don't thnk it's awkward to see TNT a bit higher at this time in the cycle. i expect investors to be drawn back into the space as they become less convinced on risk free instruments. only a matter of time now it seems. recessionary headlines coming in fast.