TSX:NWH.DB.G - Post by User
Comment by
Matteo93on Oct 30, 2023 5:25pm
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Post# 35708157
RE:RE:Question
RE:RE:QuestionLess people "know" about the potential offer than you think.. CAD markets get no attention compared to US, especially sleepy REIT's, when participants specualte they sure aren't thinking of REIT's.. that and the MPW beta has really dragged it down farther than it should be. Past year correlation with MPW is nearly 90% and even since NWH's public inception has traded with a somewhat tight correlation. Compare monthly charts. Sometimes markets do provide a disconnect from valuations simply bc some other stock in the same sector that does roughly the same thing is getting a (negative) sympathy play from other shorts.