RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:$14.91 with 4 million trade at EOD

[thatsmyname]

hroark7 wrote:

CANCDN wrote: Yeah.. looks like someone BOLTED from BPY with three minutes left and went direct INTO RioCan HAHAHAHAHAAH

That's a smart person, BPY's payout ratio is over 100%, cannot sustain dividends, and conglomerates like BAM usually need a waste dump subsidiary. What this means is over the course of doing business, BAM us going to have some businesses do well and others do not so well. So what they do is pick a subsidiary, take all the bad results and garbage and debt and push it all into that subsidiary, and then let that subsidiary fail, taking the garbage along with it, and BAM is left squeaky clean. On an individual level, we do this without portfolios when we do tax loss selling. Every conglomerate needs a garbage dump, and BPY is BAM's garbage dump.

I hear crickets. Don't say much now huh. BPY went red today 3 times as bad as Rio. The market has spoken. BAM bought 24.1 million shares at $12US on Tuesday. 5.6% of total shares, and it manages to turd down 3x as low as Rio haha. trading below $12US now. 
BPY goes on to get JC Penny LOL who are BPY's tenants. (Oh we get it for the land) okay you get that land WHILE keep operating a company that should have been closed 10 years ago.  BPY seems to disagree with you about retail reit being dead. 

Go to the bahamas and ask them to funnel the tax money into dividends since that is not sustainable. 

It feels good to sleep at night :)