TSX:TNT.UN - Post by User
Comment by
flamingogoldon May 23, 2024 10:28am
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Post# 36053893
RE:Complete lack of interest
RE:Complete lack of interestYou are blaming Mr. Drimmer for the poor sentiment in the REIT sector? He didn't create the sentiment, but merely doing what's possible to navigate around it.
Of the REITs I follow, this and MRT are the only ones that buy back and yet their share prices is in the toilet. It will stay there until the sentiment changes, most likely once rates appreciably decline and not just by 1/4 pt either. If you expect this to turn around in a few months you are in the wrong stock.
SIGG1 wrote: Shorts are back in the driver seat, I think it will probably go back to the 52 week low of $6.32.
Buying only 25% of what they should be buying back under the NCIB creates even more uncertainty and we all know how markets hate uncertainty.
Well done DD.