Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

TSX:SGR.UN - Post by User

Slate Grocery REIT

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Post by cantleon Feb 20, 2013 12:07pm

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Post# 21016669

Smart People ?

I still can't figure out why, what are supposed to be really smart people, would invest money in SG, with an option to buy at .50 ? Surely they would know that the day they exercise that option, the dilution will drive the stock down. They are betting that gold will rebound and the stock will exceed at least to .65 for them to break even, before it goes bankrupt.

I can understand the 8% return, but that is not much of a risk premium for a company that has a real chance of going to zero. There are less risky places to earn 8% per year.

They must have some path to the assets should the company go bankrupt or they know something that we all don't know.

Anybody have some thoughts on this. I think there is some money to be made trading SG, I am just looking for as much info as I can get.

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