RE:RE:RE:RE:Dividendbeliever123 wrote: This thing is going to drop like pancakes in the next couple wks and mths with all the shi*t in europe, china and the piss in oil price
My projection is likely a drop to $20 in the next 6 mths and a 20%-30% cut in the dividend due to the crappy alberta economy and reduced cash flow from less tenants. I guess we'll see how much damage has been done in the Q2 report coming up
Not to mention the way overpriced housing market in canada- if this collapses the SP could drop well below $15 and possibly a 50% cut to the dividend
We've seen $1 of the $5 drop you predicted. Well done! But I have a counter prediction. We've heard the bad news out of China (though there could be more to come), we're past the Greek impasse, and oil has already come off $10. So we're running out of negatives to motivate the sellers. With D.un buying back shares everyday at these levels, and talk of a Canadian rate cut, investors are going be snapping this up for the 9% div. We're putting in at least a short term bottom. There has been talk for a long time about office space oversupply in Canada. And no doubt the seemingly inevitable contraction in the housing market predicted for many years now will bring that discussion to the fore, even though office and housing are different markets. If this correction in housing happens this year we probably will see new lows come tax loss selling season. But the correction is already years overdue, so there is no reason to think that it will happen this year - or next. I think D.un is one of the safer buys in this market.