TSX:WRK.DB.K - Post by User
Comment by
canadafanon Nov 11, 2011 10:29am
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Post# 19229523
RE: RE: What is the probability
RE: RE: What is the probabilityThe statement was "they were shopping the reit back in 2007/08
That was a factual statement.
They were then very small market cap with some prime properties and as today, way undervalued at the unit price level.
They came to market too late and missed the spike pre-2008.
leading into 2008 crashm, that idea never came to frutation.
A decsion was made then to stay the course, grow the reit to becoming internally manged ( pre2007 most functions were external)
Today WRK is multiple stpes ahead of where they were in 2007.
One quick example , WRK became part of the REIT index last year.
That was a direct relationship to the company's market cap.
Moving forward: WKR as a take over target?
I would agree with previous posters, there is very little M & A activity right now.
Most companies are expanding buy aquiring more porperties.
Could it happen? Sure anything can happen. Is it a probability in the short term. Not until after the Airport "put option" is resolved. That is a $100 million project that will move wrk into the next levelmof market cap ( above 500 million)