Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

RE:RE:RE:RE:RE:RE:Interesting Article

[HermannHaller]

I agree, I've got two teenage girls, and the mall is a social event + shopping, which they miss during this lockdown. They would far rather shop the mall with their friends then sit at home alone scrolling through amazon.

Mgmt needs to articulate the story much better. The malls they have are key locations in their communities, they have value. The one mall in Prince George which never closed is doing fine. Mgmt needs to come out and pitch the recovery story, not this sad sack garbage about 12-18 months recovery. If they talked about how cheap the stock was, and how the office and plazas are doing fine, then maybe they could get the price up a bit, get some enthusiasm. Then they could issue some new debs to repay the old, and the stock would be off to the races. Listen to a SRU conference call vs MRT, its like night and day. Sahi sounds like he hardly cares.

PS - small insider buying today from a director. They probably don'ty mind the low price as they can buy it for themselves cheap.