Mainstreet Equity Corp T.MEQ

Alternate Symbol(s): MEQYF

Mainstreet Equity Corp. is a Canada-based real estate operating company. The Company is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings in Western Canada. It owns and manages properties in six Canadian markets: British Columbia (including Vancouver Lower Mainland, Vancouver Island, Okanagan and Northern BC), Calgary (including the City of Airdrie, the City of Lethbridge, and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan), Saskatoon, Regina and Winnipeg. Its apartments are situated in various location such as Airdrie, Calgary, Cochrane, Edmonton, Abbotsford, Chilliwack, Courtenay, Kamloops, New Westminster, Penticton, Prince George, Surrey, Vernon, Winnipeg, Regina and Saskatoon. The Company provides incentives and rentals for Foreign Students attending school in Canada. It also provides student housing facilities, including MacEwan University, University of Alberta, NAIT and NorQuest College.

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Mainstreet Equity Corp > Chris Blumas - BNN- HUGE compliment

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Post by Possibleidiot01on Feb 14, 2024 2:35pm

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Post# 35880341

Chris Blumas - BNN- HUGE compliment

Compounders.(A Commentary)

14/02/2024

Compounders.

The wonderful thing about compounders is their performance over a long time horizon, say 5-10 years. In Canada, we're lucky to have some phenomenal compounders.

Examples include CSU, GIB.A, ATD, and BAM. For anyone investing, that's where you want to keep your attention. Don't just focus on 1-year performance. The power of compound investing is when you buy something that's really good, and you can't believe how much it's grown over 5-10-20 years later.

You lose out on this if you have too much of a value-only mindset and you're looking for things that are distressed. Look for great companies at a reasonable price. The trouble with a lot of compounders today is that a lot of them would be classified as growth stocks. There are, for instance, a good number of compounders in the tech space but the valuations are rich.

If you look at companies that can grow, the valuations are very strong. And if you look at companies that don't have the growth, valuations are very weak. This is the time to know the compounders you want to buy, and just wait for things to fall to your price. There are some attractive income opportunities to invest in while you wait.

The two very best in Canada that he's ever come across are CSU and MEQ. MEQ is a smaller company, many similarities to CSU but doing it in a different space. For both, valuations are rich.

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