RE:RE:RE:interesting
The problem is that nearly 75% of the real estate owned is located in Calgary where prices for commercial resl estate are dropping with no end in sight. There is no potential increased value in that real estate for years to come.
Calgary is not Vancouver or Toronto and will not be for a long while, unfortunately. Two reasons: lower price of oil obviously and overbuilding of commercial spaces in the last five years.
It does not change the value of the business but let's not count of the "real estate" for a while.