TSX:AX.PR.E - Post by User
Comment by
Frankie10on Oct 08, 2024 11:55am
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Post# 36257945
RE:RE:Snakey
RE:RE:Snakeyrad10 wrote: Frankie10 wrote: Snakey and others may be telling you the sky is falling because we fell from $8 to $7.80 - lol. Just know that it's all noise from here until Q3 results, unless of course there is an actual PR. The reader has two options, obsess about the macro, or focus on the company-specific micro and chill. I choose the latter and have decided to ready the popcorn rather than argue with the nonesensical, emotional, and even time toxic members of this board. I think we are going to need lots of popcorn. Hope everyone reading has a lovely day.
Exactly - no point in 30 posts a day until there is something meaningful to discuss. Wait til after conference call. The setup here is rather good:
NCIB going gangbusters scooping up common and preferred
Interest rates lowering
Sales at or near IFRS.
Improving occupancy with return to work.
I am still almost 20% down on the common. I got in when Sandpiper went rogue on Martens. Nicely up on the preferred with obscene dividends.
NCIB is going slow and steady... pacing itself tactically as to exhaust close to the date of renewal.
Positive impact on interest rate cuts to AFFO will begin to be felt in the financials beginning Q4. Lots of variable rate debt here - for now.
Material sales (~$1.1B) at IFRS sure does reinforce the accretive nature of buying units back at $7, while the NAV is $14.
Occupancy has held up rather well, imho.
I wish you the best of luck on your position here. Congrats on the prefs.