TSXV:LRT.UN - Post by User
Comment by
Winnipeg40on Nov 03, 2010 11:10am
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Post# 17651007
RE: You are driving in the rear view mirror.RE: RE
RE: You are driving in the rear view mirror.RE: REI have done all that research and unfortunately, if you pro forma the information out, while in the Summer months they may eke out a small profit, in the depths of winter where expenses rise greatly due to heating costs...they are still losing money. I still see no solution to Parsons Landing financing unless I missed an NR. Have you ever called an IR department and had a negative spin?
Essentially they have a problem....high priced assets purchased at the highs are not worth the paper against them compounded with the second mortgage debt taken on to finance distributions.