TSX:NXR.UN - Post by User
Post by
hawk35on Aug 20, 2024 7:38pm
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Post# 36188950
Nexus broke through 8.00 today
Nexus broke through 8.00 todayThings are looking up here. The analysts are always behind the curve but they all increased their target price after earnings and the market seems to agree. Looks like interest rates will drop faster than most predicted both and Canada and the US, and this will power Nexus over the next year.
The next big news will be the sale of non core assets. This will reduce debt and allow Nexus to build or expand properties they already own. Industrial reit is a good place to be right now especially if they are undervalued. And when they can issue shares SIGNIFCANTLY higher than the current trading price to acquire properities, well it suggests confidence in Nexus strategy.