TSX:MRT.DB.A - Post by User
Comment by
slston Oct 14, 2021 5:35pm
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Post# 34007061
RE:RE:Bought more today.
RE:RE:Bought more today.
They are new accounting rules called IFRS. They require that the company make reasonable estimates of their property values. The company adjusts their book value to reflect the quater end values. They have both in house and external valuations that are cleared with the independant auditors annually. Maybe quarterly as well.
It is the $18 per Book value that makes this a deep value stock. The market sees risk associated with Covid still in place. They traded down from $18 to $14 a few years ago due to Large Tenants closing shop, like Sears and Target. Those spaces are almost fully repurposed and released. Some with lesser leaseable space.
Also a large short position on this. Hope it all works out in our favour very soon. Good Luck Longs.