TSX:SOT.DB - Post by User
Post by
Detailoriented1on Nov 01, 2022 10:30pm
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Post# 35065129
Putting it in Perspective
Putting it in Perspective
Not a SLAM fan at all. They overcharge and underperform. And I will help vote then out. With that said, dividend seems safe as AFFO is strong and payout is 75% in fact, it could even be raised a bit. IFRS NAV is now $8.95, so we are trading at about 50% of NAV. Good downside protection and lots of upside room. NCIB purchases have started. We can't change where that money came from in terms of property sales and the convertible debt but at least they are supporting the share price and every share purchased increases next NAV calculation. So there is lots here to support the price and the dividend while we wait for the special meeting or some positive concrete action from the strategic review.