RE:RE:RE:RE:RE:RE:RE:Inflation target, risk free rate, cap ratesYou said cap rates... hard pressed to find any implied cap rates below GIC rates...
earnings yield? Are you including FMV adjustments in your analysis? Implied cap rate here is 7.6% without consideration for pv of latent taxes.
With all due respect, great macro economic knowledge and analysis; very, very weak investment knowledge and analysis - especially in regard to H&R.