OTCPK:VGIPF - Post by User
Comment by
tinman8on Jul 23, 2013 4:05pm
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Post# 21625508
RE:RE:nav
RE:RE:navI agree - I think an sp of $1.60ish is possible. However, this would reduce the dividend return to about 6%. I think the market would be Ok with that provided they can knock off about another $50 million of the debt with more asset sales. With debt heading down toward $200 million rather than towards $300 million as it was earlier this year - then yes $1.60 would be feasible IMHO. GLA