TSX:NWH.DB.G - Post by User
Comment by
micromikeon Aug 12, 2023 8:06am
186 Views
Post# 35585115
RE:Why did the stock rally today?
RE:Why did the stock rally today?There was one very important news release that came out just before the AGM that you seem to over look. Plus PDL was loading up on shares in the past.
Aug 8: Northwest is undertaking a broad-based strategic review to unlock value. The REIT has formed a Strategic Review Committee of the Board to undertake the strategic review to assess the best course of action for the REIT's next phase of development and growth.
Working with management, the Committee will retain a financial advisor to help assess and more explore the full strategic alternatives available to the REIT. There is no certainty that any changes will result from the Committee's review. The REIT does not intend to comment further on the review until it determines that additional disclosure is appropriate or required.
The market is saying something but you don’t seem to understand what it saying. It’s telling me that they are going to sell part or all of the company and it’s going to be worth more than what the shares are trading at now.