RE:RE:RE:RE:RE:BPY US$17.99 / BPYU US$18.58Hi Vette, I agree this company's valuation will take several years before it reaches its true potential, however I was hoping we could keep the pressure on BAM to pay a bit more for the privilege of taking it private. Once covid is over, we will realize it was a big mistake. So what's the best way out of here now? 50% cash and the rest shares of what, preferreds or BAM?
Vette08 wrote: Hi NP,
The market for the month or so has been telling us where the deal was heading.....$18.17 is very much in the range,
As for the BPY NAV of US$28 disclosed by management relative to the valuation determined by Lazard being between $14-$18.5 per share is a complete disgrace and is a hit to the credibility of BPY management for sure. Lazard basically laughed at management by even suggesting US$14.
I think the truth is, BPY has lots of issues and they need to be fixed behind the curtain and the likelihood is that BAM did us all a favour by taking it out.
Vette