TSX:REI.UN - Post by User
Comment by
Covidruinedmeon Dec 10, 2020 2:06pm
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Post# 32078114
RE:RE:Sinking Fast
RE:RE:Sinking Fastthey better spend atleast 100 million on buy back under $18 or they are the dumbest people on the planet.
lets see, spend 100 million to develop, for 7% caprate after 3 to 5 years with lots of work and liabiltiies and headaches rrunning it
or buy back and enjoy an instant 8% cap rate with ZERO expense and ZERO new hiring expense and no liability and no headache
mmm much be such a tough decision to make
the icing on the cake, they can issue the same amout of shares when it goes back to $30 and buy assets 2 times more than they could develp with 100m
SRU is smart, no wonder its called smart center