RE:RE:Tim Melton Share Accumulation & Other ThoughtsYour totally right about that!
The Melton family is a patient group and I respect them for that. I would still like to see them take further action to close the valuation gap. This could include:
- Disposition of investment properties at the REIT and disollution of the public REIT (depending on market demand).
- Further share buybacks through NCIB and/or SIB
- Sale of the entire company or take private (at a fair price)
I am happy to sit tight for a while (up to 5 years) and collect a dividend; however, at some point the rubber has to hit the road regarding the valuation and closing the gap. Receiving proceeds through a dividend isn't quite as attractive to me given the tax rate compared to a capital gain.
LR