TSX:MRT.DB.A - Post by User
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Shirtlessnomoreon Mar 24, 2022 10:52pm
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Post# 34544011
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:short interest
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:short interestMelcor was a cash cow for me, I even got some as low as 2.80 at the start of this. Just curious but why are you shouting? Lol. Cheers
Predator2018 wrote: MELCOR REIT MR.UN HAD AN ACTIVIST INVESTOR LAST YEAR AND THE SHARE HAS DOUBLED SINCE THEN AND NOW NEAR 1 YEAR HIGH.
I HAVE WATCHED THIS STOCK SINCE 2000 AND IS AMAZED AND THE TRUE BOOK VALUE IS MORE THAN $28 A SHARE. IT IPO AS A CLOSE END REIT FUND. THE REDUCTION IN BOOK VALUE IS FROM WRITEDOWNS WHICH ARE JUST PAPER LOSSES. THERE IS DEEP VALUE HERE AS MOST OF THEIR ASSETS ARE LOCATED IN VERY GOOD PRIME HIGH DEMAND LOCATIONS.