TSX:REI.UN - Post by User
Comment by
Shirtlessnomoreon Dec 12, 2020 12:09am
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Post# 32092282
RE:Interest in RioCan Stock might be waning?
RE:Interest in RioCan Stock might be waning?Government will have NO choice but bail outs when they are the ones closing businesses, choice and RioCan are apple's and oranges, and your February assumptions are 100% pure speculation and your opinion, if shareholders shared your outlook on it this would be 5 bucks when in fact it's only 69 cents cheaper then pre div cut news, the dividend cut is not bad news and that will be obvious when the financials are released or buybacks occur. Smart money didnt sell on this news they bought for a discount. Getting even 1 dollar off the stock is 25 months of 4 cent difference in dividends, I like to think of it as an instant rebate. Or maybe you could think of it as a buy 17 get one free sale.
BlueGuitar1 wrote: too but don't expect the governement to bail out forever. Look at Choice Properties: payout ratio is 62%. They are years ahead in residential properties and being anchored by Loblaws, Shoppers Drug Marts and all the other food names, it is pretty safe, imo. It pays 5.5% dividend and is $4 cheaper per unit by February after the last high yield is paid, REI is going down.