TSX:BTB.DB.G - Post by User
Comment by
Jimpossibleon Aug 27, 2008 9:18pm
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Post# 15415098
RE: 2nd quarter financials
RE: 2nd quarter financials"I question the company`s ability to continue to acquire propertieswithout further diluting the shares as well as its ability to continueits distribution at the same rate. "
In the Q1 CC they said they would not issue units below $1.60, if I recall. The book value seems to be about $1.72, so an issue at $1.60 would still be dilutive. But if we could see a unit price of $1.60, and see them buying their pipeline of property, it would be a relief. Better days are coming, IMHO. I also hope that they will be selective with their quality of tenant, there seems to be a slight problem there............... I'm glad they cut the dist, at least things can stabilize. This is a very unique little reit, they are attempting to operate it in a "prudent and rigorous fashion" which some others do not.. Just my opinion.
Jim