TSX:PMZ.UN - Post by User
Post by
SNAKEYBOYon Apr 19, 2022 10:07am
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Post# 34612908
What if they did this....
What if they did this....Increased debt from 29% to 50%, with using 500 million in additional debt to do a tender auction of 20% of the float at $16.50. From there, NAV becomes $26. They then continue the NCIB of 10% per year from left over FFO and as long as a 20% discount remains. It might go lower, or higher, doesn't matter. NAV in 1.5 year becomes $30 and then they grow the REIT through acquisitions/developments and we get a $35 NAV