LET'S BE REAL
As I said before, the NAV could be marked up to $122 and it would not matter. You know who determines the NAV? THE MARKET. HR now has a similar balance sheet to PMZ. $22/share NAV and ~30% debt, 50-60% payout ratio.
I did like the CEO change, and dividend bump for respect to investors. They did hit all metrics, financials, NCIB, dividend increase, and fair value increase. If the market does not reward this with a nice move up tomorrow. IM RETIRING