TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Aug 14, 2024 10:37pm
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Post# 36179836
RE:RE:RE:Sonoffergus, how do you like your R's ??? I see you passed
RE:RE:RE:Sonoffergus, how do you like your R's ??? I see you passedOh CrazySold.
Rates are coming down, no? Mr. Market is ttransitioning out of tech and into Russell2K on the macro theory that lower short-term rates benefit lesser credits. Same deal for real estate -- all else equal, lower short rates are positive. Try BBU, which holds a bunch of companies with floating debt and will rock when rates finally drop.
As has been said many times here, BPY/BPO might have had a tough time as a stand-alone entity, but papa will make everything fine. BPO.PR.C is $17 and BPO.PR.floater is $9.X. How do these pari passu issues trade so far apart if BPO is headed for BK?
HNU? I think you are confusing me with mon ami Pierre.
I hope you learned something from your time here. I also hope that you find your cojones and get long again. The entire BPO complex is going to trade up over the next couple of years as rates move down. I would be surprised if the worst series is not in the $20s by then, and there is a decent chance that BN decides to reorg and clean up all $3b of its BPO pref headache at sweet premiums.