Wall Financial Corp T.WFC

March madness.

[wynner]

MD&A  Dec.

Development Properties

Trails 1B, consisting of 48 units, is now under construction with completion expected by March 2024, of which the Company owns a 42.86 Trails 1B, consisting of 48 units, is under construction with completion expected by March 2024; the Company owns a 42.86 % interest. The project is proceeding without pre-sales and we will market the units once complete.

The Company continues to make progress with the approval process for various proposed development projects:

Could go up a bit here. lol. Being an acute shortage of housing in Vancouver and all.
Bring it on.

[malx1]

That's all well and good. People not qualifying for those XXL $1mm mortgages these days. Crack downs on S-T rental fluff, foreign buyers tax, empty house tax, sticky inflation - especially with energy prices now showing some strength. Just my opinion, but you've got a standoff between the bid and the ask parties. The sellers are overvaluing their assets - mental anchored to Pandemic

[wynner]

Wow. I am the opposite of whatever you are. You have got every point you make bass ackwards. Stop investing.......right now....I mean it. LOL

[malx1]

I'm fully invested, but avoiding low-quality companies with dumb BOD's. Especially teams who "borrow" at 6% to pay dividends. Price action here suggests funny business going on.    Another red flag.   Stock runs $19 to $29, then tanks. Explain it. There's a bad smell in WFC's world.   It's not BOD's breath! Ethical issue

[wynner]

The red flag for me is you. You say the company is running up the stock to $28 and then crashing it back to $19 . How? With 100 shares at a time? I know when they are buying. They said as much in their MD&A.  They don't issue stock. So it is not that either. You say they are. Someone else is pushing it up and down. I've been around long enough to see short activity. It is no

[malx1]

What shorts are you talking about??

[wynner]

The board says there were 4,560 new listings of detached, attached and apartment properties last month, 31.1 per centmore than the same month last year and almost on par with the 10-year seasonal average. The composite benchmark home price was $1,183,300, up 4.5 per cent from a year ago and up 1.9 per cent from January. Andrew Lis, the board's director of economics and data analytics, says

[malx1]

LOL - correct, more listings means more sellers. More sellers at a time when fewer buyers are showing up, and with less debt capacity at 6% mortgages. Recipe = Lower prices This is easy stuff

[wynner]

I guess you can't see highlighted yellow. home price was $1,183,300, up 4.5 per cent from a year ago and up 1.9 per cent from January. Tracking for a 20%+ gain in 2024. Re Shorts: Mickey Mouse Reddit crowd of hooligans. Easy target for me.

[malx1]

No need to be snippy. Nobody is judging you. You vote with your dollars, as do the rest of us. I am bearish on Canadian RE, especially fluffy valuations in BC and ON. That's why I was buying WFC at $12 and exited just over $19 with the dumb dividend they can't afford. Yes, the guy who called this past run-up a scam, that was me.   Oh, and look what happened, the air is back

[wynner]

Yes Mr Last Word. I am very civil . But I will come here and point out outriight falsehoods. Take care now . See you after the 4Q.

[wynner]

----------------------------------------- There is a new era in North Vancouver as the burgeoning Lower Lonsdale area’s vibrancy and new projects are attracting buyers by the droves. It is within this well-connected neighbourhood, just five minutes from Lonsdale Quay, that Wall Financial Corporation’s master-planned community in Moodyville, The Trails, makes its home. Welcome to Phase 2

[malx1]

More than enough madness amongst shareholders at WFC. They watched stock run from $19 to $29, then back to $19 in just under 2 months. No wonder they are so frantic; glad I exited when the BOD borrowed $97mm to pay a dividend to insiders. Maybe someone can turn this ship around, but the team in place today isn't showing too well. Why else would the shares post -34% performance in less

[wynner]

You are doing great Mal. I need to buy more.

[malx1]

The more we discuss follies of WFC's BOD, the more I believe that past $3 dividend was a draw of capital to recapitalize insiders for their own private ventures. Here's why: $97mm Debt incurred.    MONEY THEY DIDN'T HAVE Three choices......................... 1.  Do not incur $97mm debt, no capital distribution 2.  Borrow $97mm to pay a $3 dividend, BOD

[wynner]

I have to go through your post systemically . I 'll start at the last point re Shareholders exited. Do you mean excited? Insiders own 80% of the company. There were no shares handed out to insiders last year. The company buys back thousands of shares a week. No sign of sales....unless they are selling to me. Math: less shares in the float means higher NAV and thus BIGGER divi's for the