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Morguard Corp MRCBF


Primary Symbol: T.MRC

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Comment by pierrelebelon Jun 28, 2021 1:15pm
116 Views
Post# 33460177

RE:RE:RE:Nice Break out over a previous high.

RE:RE:RE:Nice Break out over a previous high.
Northdorce13 wrote three weeks ago "Only way I see it going <140 again is if some weird virus variant pops up that the vaccinnes do not work against and everything has to shut down again for an indeterminate amount of time. "

Oh well, three weeks later, the shares are trading at $139 and change.

Why the drop? No variant, no new virus, simply one institutional shareholder unloading a large position.  It does not change the value of the company or its management.  It simply cost 10% less to buy shares today than earlier this month when the shares peaked.

My wife and I have orders to repurchase the shares we sold near the peak earlier this month.

And life does go on.


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