RE:RE:RE:RE:~90% collections for July & Augustthatsmyname wrote: getting 95% rent, or rent freeze has nothing to do why it is at the current price. in may the SP went back down to $13 and climbed up to $18 before it stayed down to the current price. what was the sentiment in may for it go up to $18? that all stocks will shoot up but then somehow started to realize that it wouldn't? i'm trying to connect the dots. it is a safe investment with a big dividend. am i such a clever investor that i see it before the general masses, or is this considered for them a risky investment, or is it just plain old greed at hand wanting to go on stocks that multiply every month?
The fact is the market is inefficient. Even Buffett and Munger said EMT is bullshit.
The exact quote: “I'd be a bum on the street with a tin cup if the markets were always efficient.” Fortune April 3, 1995.
Check out my post history, I bought Northview 5 years ago, and it fell down to $18. To me, it was a $30+ dollar stock. Yeah, it took 5 years to get there, but I waited while collecting an almost 10% dividend yield on my purchase and on top of that I cashed out to the tune of 7-figures.
People are infatuated with tech stocks right now the way they were in the late 90's and we all know what happened afterwards. Big crash and stagnation for 15 years. Buffett was buying energy companies and rail companies on the cheap and people were saying he's gone senile and it's time to hang it up. Wouldn't you know it, less than a year later tech stocks crash and energy/rail stocks moon and as usual Buffett comes out looking like a genius.
Why did Riocan go to $18 temporary? Who the f--k knows. Maybe someone bought a huge block and drove the stock up, and then when the buying stopped it went down. Short term the market is a popularity content, long term it's a machine that weighs value. The true value of Riocan will net out in the end.