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Wall Financial Corp T.WFC

Alternate Symbol(s):  WFICF

Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on the development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. The Company’s segments include ownership and management of residential and commercial rental properties (investment properties), the development and sale of residential housing (development properties), and the ownership and management of hotel properties (property, plant and equipment). Its property under development includes Ivy on the Park, Eagle Mountain and Trails North Vancouver projects. The Company owns and manages over 934 hotel units (188 at the Westin Wall Center, Vancouver Airport, and 746 at the Sheraton Vancouver Wall Center). It also owns and manages approximately 1,523 residential and commercial rental units located in Metro Vancouver.


TSX:WFC - Post by User

Comment by malx1on Dec 21, 2023 1:49pm
85 Views
Post# 35796115

RE:RE:RE:RE:wynner: RE $97mm dividend being DUMB

RE:RE:RE:RE:wynner: RE $97mm dividend being DUMB
wynner wrote: The float is 6.7 million.

My pre-kindergarten math says they could buy those chickens for $140 million + . That is if they keep buying in the market at $20.

Like semi-semi private already fam.


I'll see that math and raise you two birds in a bush.    

Best use of capital here was either SUB, $100mm buyback at $21/sh, or pay down debt.     

Yes, wonderful assets but poor judgement in part of BOD to pay out dividend right before borrowing costs tripled.     
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