RE:RE:RE:RE:RE:RE:Anyone else getting fed up with this garbage stock?Marc24 wrote: I have about 5% of my total net worth tied up in Dundee. I have Dundee units in 3 or 4 different accounts, RRSP, TFSA, LIRA, etc... Average purchase price is around $20units and I have been a holder for a decade.
Marc
Marc, with that experience you aught to know what's going on with this stock. My thinking is that being very widely held the REITs in general are vulnerable to news items on topics like rising interest rates, slowing Chinese economy, Greek debt. I believe that D.un gets oversold when these items are in the news, as they all are currently. I'd like to think that the NCIB money is well invested by buying back stock at these levels. With yield over 9% at this SP buying back stock saves a lot of money. Most of their large tenants are federal and provincial government and will be in business until the apocalypse comes. -GLTA