TSX:REI.UN - Post by User
Comment by
mavion Sep 01, 2000 10:03am
186 Views
Post# 2422816
RE: and then there were four......
RE: and then there were four......This is the kind of stock you tend to hold indefinitely on a DRIP. There is thus no incentive for a dealer or financial advisor to recommend this stock. If you hold and don't trade, they don't make any commission. They prefer you to be in a stock that will give you a capitol gain, then have you sell and buy again.
Lately there have been a lot of market columnists hinting at a big fall selloff. Many are suggesting getting out of the market for a while. The Ontario teachers pension fund is reducing its stock positions. I think many institutions are looking for a steady safe earner like RioCan, and that is one of the reasons it is drifting up.
I never understood why it fell to $7.50 last year, but it just meant I got more of it cheaper in the DRIP.