52 week in sight (long version)
There are a number of individuals on this board that can brag....................but don't. Not sure it is becoming of anyone, a little quiet celebration never hurt anyone.
Awhile back I was posting that Artis was a value stock that was about to start looking like a growth stock, and alas, we are witnessing this now as we quickly approach a 52 week high. Yet still all the nay sayers can do is look for any meaningless piece of info to still try and tarnish the very stock they own, somewhat puzzling. At $5.00 it was going to $4.00 and will never get to $6.00 at six it was a fluke that wouldn't last with $7.00 no where on the radar screen, now its a long way to $8.00 etc etc. Funny thing is, we are just getting started here. Reits traditionally are not trading vehicles. The events of the last while have made for a fairly decent set up here. People who saw this took advantage and built and endured wrath of certain members here that have nothing better to do than trash things and speak of impending doom on just about every topic and every country and everything else they can think of. Come to think of it kinda quiet on that front right now.
I also posted for quite some time now that nothing seems to be reacting as is used to, which still seems to be holding true. I was chastized tremendously for stating the inverted yeild curve and even Sahm rule as being examples. Hey, it was an observation and not a cast in stone thesis. Things may well still change, time will tell but like I also mentioned I am beginning to waffle just a wee bit on this well well well overdo U.S, recession that just won't happen. I still believe we have soft patches that are going to cause chop to be clear, nothing is ever this easy. I struggle between fully invested to half invested on a far too regular basis, but it has paid to be that way thus far.
Getting back to Artis, I think we are all enjoying the solid move up, to some it does not come as a surprise, to others, well, let them keep fighting it all the way back to $12.00. Awhile back I was again chastized as not knowing anything calling for (full) recovery by late '25 only to see that same poster calling the exact same thing two days later, guess I just don't know much.
In closing, with the Fed on the precipice of what seems to be an historic cutting cycle, the BOC along with many other central banks already in full swing with a fair bit to go, just imagine as we start getting into '25 and that seemingly insurmoiuntable debt wall slowly getting diminished to managable will do for this sector?! By that time it of course will be much much too late to be declaring reits are ready. Reits have been ready for awhile now, at least for those who could see the forest from the trees. We are now just starting to enjoy the fruits of our labor as they say.
Cheers to all those who had the foresight and balls to make a bold call and built nice little positions over the last year. Hope to see you all on a nice exotic beach this winter. As for the others well, will be hearing the same old as we are hitting $12.00.
Stay good,
DZ