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

Wall Financial Corp > From $19 to $29, and now back to $20!!

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Comment by malx1on Feb 28, 2024 12:47pm

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Post# 35904208

RE:RE:From $19 to $29, and now back to $20!!

Wynner - here we are back at $19-20.

No explanation, no news, no nothing.

I see NCIB has been picking up a few shares but nothing significant.

If BOD didn't issue $3 dividend I'd still be a buyer but my concern is that these guys don't respect capital.

Would buy on selloff into low-teens but that's not likely either.

Holding pattern here, probably decent value if you can stomach mismanagement of capital.

Wait and see for me.   If I can't buy $100k worth and sleep soundly, then I can't commit to investment.

Still probably a $30+ stock.     Discounted for insiders making questionable capital allocation choices.

What else are you buying?    I'm still buying some GH.    Extremely well run by management, good assets, conservative balance sheet, significant insider ownership like WFC has.   Owned it for almost 20yrs now.   Probably worth $14-16 the way things are going in Alberta.