TSX:AX.PR.E - Post by User
Comment by
Northforce13on Sep 12, 2024 10:43pm
72 Views
Post# 36221607
RE:RE:RE:$8
RE:RE:RE:$8"That chart of MRC is bad plus no dividend. Not sure why it's the cheapest reit.. bad management? I'll need to do some due diligence. Also I need the dividend to offset my margin expense otherwise it's risky B"
Good point, its nature is such that it could just sit and not move. I suppose those with a short time frame should consider such. I try to look at things through the long term perspective and my feelings about MRC represent what I think will happen over the long term.
It is also extremely difficult to analyze, due to its residential and retail associated REITs, non controlling interests and convertible debentures of the residential REIT. I believe it was the most difficult stock to analyze that I have done so far. On a conference call about the residential REIT, I pointed out the difficulty in pinning down a NAV. 5 analysts from the big 5 banks all had different numbers, even they could not agree on methodology, though they were all fairly similar.