TSX:PMZ.UN - Post by User
Post by
SNAKEYBOYon Jul 16, 2022 10:58am
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Post# 34828967
MANAGEMENT NEEDS TO BRING OUT THE BAZOOKA
MANAGEMENT NEEDS TO BRING OUT THE BAZOOKA They can buy out the float rather easily for a REIT, because of their strong balance sheet, medium size market cap, and HOPP ownership structure.
Sell 3 buildings: $145 million x 3 = 435 million
300 million debt from credit facility (28.5% to 37.5% debt)
730 million could buy out 75% of the private (non HOPP float)
The malls may not be liquid but they should be able to sell 3 of them in a 2 year time frame.