TSX:BPO.PR.A - Post by User
Comment by
HermannHalleron Mar 30, 2023 10:03am
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Post# 35368977
RE:RE:BPO.PR.I now in freefall
RE:RE:BPO.PR.I now in freefallYou might want to reread that report. They were making the argument that BN is trading at an attractive valuation even if you assume no value for the real estate. They were not stating that the real estate is actually worth zero.
BrainNugget wrote: RBC recently came out with a report stating all of BN real estate are worth zero. Most of their properties are non-recourse so BN could potentially hand the banks the keys and then buy them back on the cheap. The only thing that is still holding all those BPO and BPY pref. up is Brookfields name and what it is worth for them on their other subsidiaries current and future issuance of pref. .