RE:RE:40k of volume, wowHave fun accumulating cheap shares :) I hope weak hands will become scared and sel their shares to you and me while MRC is making short term new highs.
mariorizzi wrote: It was an intra-broker block trade of 35k shares at Desjardins. Nothing to get excited about. Most likely it was one person just tossing the shares from one account to another.
With interest rates spiking, the company will not be able to lower cap rates. It would surprise me if they did not raise them a bit more (leadig to more losses). Also, looking on MorguardLeasing.com the amount of available lease space has increased over the last months. It will trend up for the next quarter at least. (Note: this number can be somewhat misleading because it does not factor for retail malls which are permanently closed, and no longer seeking tenants.)
With continued lockdowns, nobody is in a rush to sign a lease. Plus, there is a backlog of people breaking their leases in retail and office. They will be up for renewal in the next quarters and most will choose not to. I think in 3 to 5 years, MRC can be a good busines, but in the short term, there will be much more pain. There will not be a snap-back like we saw in 2009. This will be a much longer process.