CADCDNYup, as smart as CADCDN appears, he could have realized a larger gain and wouldn't have had to sell if he simply tendered his entire position mid-June, which certainly would have been viewed by CRA much differently than a straight buy and sell in his TFSA... could have also allowed some time to see his if his 18-19 price target played out. The actions don't match the words... said one thing and did the complete opposite less than 24 hours later. Occupancy estimate was also embarrassingly off... the mistake on occupancy is one thing (we all make mistakes), but the dishonest "let's not sell" is another... I'd take whatever he says with a nugget of salt moving forward.
Personally, I'm going to sit and wait to see how this plays out. Dream hasn't even sent out the SIB documents yet... if this trades at a slight discount to SIB price from now until the end of the month, I will tender approx. 30% of my position... At $15.5 I am comfortably in the money, and a little overweight here, as I continued to average down in increasing larger lots from $16 as valuation continued to become more and more attractive... rationale on 30%: if SIB gets filled that is 12.5M/50M or 25% (of total A and B units - 50.3M per financials less ~0.3 ncib subsequently) - so by selling approx. 30% I can take some profits, reduce my position and leverage, without any dilution.
Cheers and have a good weekend longs. To the shorts, and incompetent money managers who sold below the SIB price, GFY.