TSX:REI.UN - Post by User
Comment by
Shirtlessnomoreon Dec 05, 2020 5:35pm
91 Views
Post# 32044708
RE:No longer a PROUD owner of RIOCAN
RE:No longer a PROUD owner of RIOCANHey snake, just a reminder CSH.UN a nice recent dip I bought some more friday, they are ALREADY locked down and have been for months. Not making light of it but the long term care homes have alot going for them, residents and the employees are 1st in line for vaccines, the government sure as hell isnt going to look after our elderly so these places arent going anywhere. Wait for a dip then do a decent trade out of a tfsa. Just a thought but CSH.UN wont stay down at that price its!a huge safety stock amoung retired people and institutions. Cheers!
thenewsnake wrote: I was intent in the summer to make Riocan one of my largest holdings. I did that, at 250k. The yield was 9%, it was looking rosy.
But now the market figured it out- REITS like Artis, and HR, that are geographically and diversified REITS have steady industrial/office rents that is not impacted by lockdowns.
Let's be realistic, in the lockdown world, which may not ease up anytime soon, RIOCAN IS A DAWG with fleas.