TSX:TNT.UN - Post by User
Comment by
cooper90on Apr 16, 2024 1:35pm
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Post# 35991946
RE:To recap
RE:To recapIf they continue on buybacks through June (meaning through FYQ2) I believe once rate drops are announced by the BOC in June. We could see both an accelerated interest in buying, coupled by needed volume supported from the daily buybacks.
IMO this could set the stage for a nice pop in June and go forward after a lengthy consolidation in around the $9-$9.30 range. Its possible if we look at the past technicals to hit $10.50 pretty quickly which is a 23% upside from todays price range
This $10.50 would be a new floor and support a further breakout pretty quickly if funds interest in REITs overall move into the sector after the rate cut. This new buying interest and volume could drive TNT towards the $14 NAV. This would be a beginning of a long awaited repair in the price as long as positive continued earnings and further rate cuts.
Regardless of the recent volatility (5x down days on the TSX) need to be fully invested so not to miss this initial momentum shift as no one can time the market.
All just my opinion, good luck TNT shareholders!
Cooper