RE: RE: where are the old time bashers now?Bauldelair,it was not an attack, but a reminder and a request to acknowledge that just maybe I was right and you were perhaps a tiny tiny bit wrong in your pervious 5-6 posts attacking me!
your reply still accepts no responsibility for your actions , only again to blame.
If you read the long post, only one place in it referred to you , all the rest was relative to white rock and my opinion of it.
Operationally and trading , White rock has exhibited a wonderful comeback over the past 6 months.
Still not at its potential BTW.
The recent CIBC report upgrading from $16 to $30 speaks volumes. Considering that those guys are usually quite conservative.
WRK will turn over into positive AFFO by December. ( we will not see that reporting until march 2010)
Positive AFFO means they will be covering more than the $3.36/unit distribution they are paying now.
The last 2 NR, have brought them within nickels/unit of covering. Those deals like any take time to filter to the bottom line.
By comparison, RioCan , (which I also hold a small amount of), is reducing its AFFO coverage ( probably temporary).
RioCan followed a text book growth curve over the past 12 years. Because fo its size REI, needs some huge adjustments to make small changes to the bottom line.
White Rock although much more risky, will benefit from even minor adjustments in portfolio.
It is all about ratios: WRECK RIGHT NOW is positioned to benefit from the economic recovery in a big way..and they are still trading at a discount to the rest of the REIT groups.
check out globeinvestor.com/trusts/reitreport
https://investdb.theglobeandmail.com/invest/investSQL/gx.stock_rep?pi_mode=SYMBLIST&pi_type=BASIC&iaction=TRUSTS&pi_sort_order=DESC&pi_sort_col=CUR_RETURN&pi_hit_count=19&pi_qtime=200211071445090003&pi_currency=&pi_param_1=CAR.UN+CUF.UN+NPR.UN+IUR.UN+RRR.UN+SMU.UN+MRT.UN+HR.UN+REI.UN+CAR.UN+CUF.UN+RYL.UN+HOT.UN+LGY.UN+REF.UN+INN.UN+AN.UN-T+AP.UN-T+CWT.UN-T+D.UN-T+PMZ.UN-T+CSH.UN-T+BEI.UN-T+RMM.UN-T+HNT.UN-T+WFD.UN-T+WRK.UN-T
reasonable way to wathc all reits and compare by price.yield etc