TSX:SGR.UN - Post by User
Post by
mariorizzion Mar 26, 2021 3:50pm
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Post# 32888120
Slate Should Participate
Slate Should ParticipateI want to see the Slate parent company participate in the deal. I like the overall portfolio they are acquiring, but the structure of the deal is somewhat odd.
Either way, I think this trades higher going forward. I think the units have a bit of an adjustment period, probably staying at this level for a while, since the structure of the deal implies that shares are fully valued now. But as the results improve and cap rates drop, the value in this deal will be apparent. Within 2 years, I think this deal alone adds $2 to the unit price, not including distributions.