TSX:BPO.PR.A - Post by User
Comment by
Carenaon May 10, 2024 6:05pm
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Post# 36034620
RE:HUGE increase in Shorts as of April 30, 2024
RE:HUGE increase in Shorts as of April 30, 2024Hi Pierre,
Do the shorts know something the rest of us do not?
I think we received the answer to your question today.
Veritas Research has come out with a sell rating on BN today, and they were citing a 400% payout ratio by BPY to BN in the first quarter and a 65% decline in FFO on a TTM basis. Veritas is a reputable firm, IMO.
Nonetheless, I read the BN supplemental from its release yesterday and I didn't notice anything drastically different from recent quarters. But I can certainly see how some investors received this info in advance and went and shorted the BPY and BPO prefs.
Be sure, there are still lots of Brookfield detractors out there
Have a great weekend,
Carena