TSX:TNT.UN - Post by User
Comment by
cooper90on Mar 18, 2024 2:58pm
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Post# 35938876
RE:Due for a market correction
RE:Due for a market correctionI have to disagree, IMO TNT is setting up for a nice pop on and after the quarterly earning tomorrow. I believe AFO will be excellent with a full quarter of resigning of many new lease agreements and continued high occupancy, over the back half of 2023. As well, a much reduced float (due to buy-backs) will improve the earning per share in addition to positive annoucements on both a new distribution, continued buy-backs and debt reduction.
Further, I believe additional commerical sales, cleaning up the portfolio and reducing debt levels will set-up nicely off this 10x year low market cap currently, making this a key entry point going forward.
IMO, interest rates will need to drop 2% over the next 6x months (starting July), in Canada. Supported by quarter point increments, increasing AFO monthly and quarterly going forward starting mid-2024.
The market looks ahead so I believe this will be a very important earning call.
Will see whos right, I could be holding the bag for a while longer that is why I expect the reinstatement of a distribution to support go forward investors and new investment while we continue greatly improved matrix on their portfolio.
Good luck to all holders on this board!
Cooper.