RE:News release out I use to deal with questrade... It's great for mom and pop investors buying small shares of big bluechip stocks...
Eventually, I switched my investing strategy to merger arbs and event drivent situations like this one with RPT... At which point, questrade became a real drag! My friend, if you intend on investing in a lot of these type of shares, I would urge you to switch brokerage ASAP... The bigest commission I have ever paid these guys was around 150$... I could not believe it! Any other brokerage would have cost me less than 10$. But hey, that is your business...
To get back to RPT, the press release was a bit disapointing... I guess we will have to see where shares trade this week... I could be very interested to add if the price is right... I got in at 52 cents which I felt was the best price to get at the moment...
It's going to be nice to received 40 cents from the distribution within the month in order to reinvest it... I'm still just curious to know when the final distribution will happen and what the final ammount will be...
Don't get all pessimistic... 59.5 or 60 cents is still not out of the question... We just have to wait and see.
quicksilver545 wrote: 59 cents predicted..
Not sure how they possibly could have made that 59-62 range, considering they now claim there will be over 900,000 in "liquidation expenses"... A bit disingenuous I think...
Probably 58 cents all said and done realistically...