OTCPK:CMLEF - Post by User
Comment by
DOTradingon Aug 23, 2017 6:33pm
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Post# 26614504
RE:RE:RE:RE:RE:RE:RE:RE:I'm glad I sold some at $13.39, Here's some of my thoughts.
RE:RE:RE:RE:RE:RE:RE:RE:I'm glad I sold some at $13.39, Here's some of my thoughts.Of course everything is an opinion and REITs will always be susceptible to economic outlook and real estate. Do your DD, CUF is still very cheap at this price. I'm expecting this to move closer to its intrinsic value a year or two from now. You got to understand that the market punished CUF for being non-sustainable. That is fortunately out of the picture and CUF can finally get its footing back as one of the top CAD REITs. I think cutting the dividend to sustainable level was the best, simple decision they could do to increase shareholder's value and maintain sustainability.