TSX:BPO.PR.A - Post by User
Comment by
BrainNuggeton Mar 31, 2023 7:30am
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Post# 35371157
RE:RE:RE:RE:RE:RE:BPO.PR.I now in freefall
RE:RE:RE:RE:RE:RE:BPO.PR.I now in freefallIt was implied, BPY/BPO trades at an insane 16X EBITDA with occupancy rate still going down and a recession looming. 60% of their mammoth debt is floating rate with over 40 billions $ due in the next 2 years. If it wasnt for BN behind them buying time this thing would already be bankrupt.
One thing I learned from my losses here is _ dont buy prefs from a company that doesnt have common shares listed somewhere.