Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:How clueless is Manji?

[CatchTheDip]

Samir is not thinking short term. He is thinking long term. However, the unit price today reflect the fact he should have been more prudent on focusing his efforts. D is a reasonable size takeover. High quality assets, lots of levers to pull (selling DIR, development land). FCR discount to NAV is much less than Ds and AX. Samir should have stuck to a D takeover at the same time as buying back units of AX heavily. Big mistake. He can fix it. The FCR vote is soon, which he will lose. If he doesn't do the right thing and sell FCR, then he will never learn his lesson.