Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

RE:RE:RE:who are the dumb investors selling?

[Shirtlessnomore]

I agree with you, I dont think there's anything wrong with buying this, the float is so low it moves dramatically up and down. That's not a bad thing but holding it can get frustrating when in 3k shares it moves 20 cents either way. Lol. I will probably buy it again as I dont expect it to stay up here but I could be wrong. It's got about 25% to pre covid levels and I think that's a bit rich for where we are when there are other reits with 40% still on the bone. I have truly appreciated Melcor over the last year, started buying this at 2.80 and trading and rebuying the whole way up, in fact its probably been the nicest stock to me thru this whole ordeal and when I first posted here there was no one even here lol. Good luck cheers!

canadian wrote: Their current payout ratio is only around 40%. Still lot of room to increase the dividend too. Before Covid they were buying back shares above 8$.