TSX:AX.PR.E - Post by User
Comment by
CatchTheDipon Jan 10, 2023 6:56pm
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Post# 35214625
RE:RE:WOW FCR SAYS SANDPIPER PLAYING DIRTY
RE:RE:WOW FCR SAYS SANDPIPER PLAYING DIRTYHermannHaller wrote: I just think every time Sandpiper/Artis puts out a news release about investing in another REIT, it's a reminder to investors that Manji is not 100% focused on the operations of Artis, and perhaps Artis units are not the most attractive investment opportunity.
If he had got AX.UN trading up to anywhere near NAV, I would say ok, you've proved yourself, now invest elsewhere. But AX.UN is at a much bigger discount to NAV than FCR.UN!
I find it funny AX is trading at a bigger discount than FCR yet Samir is saying what a terrible job FCR is doing. However, Samir knows what he is doing, and it's probably being held low for a reason. AX should have cleaned up on D (buyout or whatever their plans are) while it is/was trading so cheap, but instead spread themselves thinner with a FCR project. Very odd indeed. We will probably hear more news shortly. D action was very strong today and might just be starting.