TSX:BPO.PR.A - Post by User
Comment by
indoubtgetouton Apr 04, 2023 1:22pm
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Post# 35379085
RE:RE:Mean reversion
RE:RE:Mean reversionUnlikely that Brookfiled defaults on their properties that they own in BAM - which owns BPO. So the BPO preferreds are likely to be ok - they are still rated P3 by DBRS and have not been downgraded.
The LA property situation is isolated IMHO. That said, where there is smoke sometimes there is fire so the BPO's prefs by being sold off aggressively by select institutions that just want out. Therefore, the BPO prefs are all on sale!!!