TSX:REI.UN - Post by User
Comment by
baudelaireon Oct 13, 2006 4:15pm
183 Views
Post# 11501115
RE: wow! $25
RE: wow! $25"Many years ago , I had always said, back when I bought into RioCan at around $8.50 to $10 range , that I would get out at around $25, as I suspected because of yeild etc, that would be the top of the hill price.
As stated before I have sold out RioCan the last bit at around $22.5-$24.50.
Congrats to those who kept the faith and held on. So now what .... Since Riocan is beyond I think anyones imagination operationally and price its anybody's game now.Please proceed with caution. Take out price ? Take over roumours ? who knows not me.
What I do know is the RioCan;s little brother RMM was the second highest increase today in percentage, and IMHO is a much better bet for an upside right now.
I have heard a roumor that RMM is within a few weeks of its own new direction plan."
Come on! Surely it’s Retrocom that has tested investors’ faith and deserves the caution warning. Riocan's little brother? Hardly. Upside? Listen to the recent cc. IMHO, management is most likely being completely honest when they say that they are trying to maximize unitholder value with a potential sale process beginning while the unit price sits 40% below the two and a half years past $10 IPO.