TSX:SOT.DB - Post by User
Comment by
rad10on Nov 16, 2024 9:34am
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Post# 36316332
RE:RE:RE:RE:For your interest
RE:RE:RE:RE:For your interest
Tree2tree wrote:
There is a long list of factors, not only net proceeds and vacancy rate, that management would consider in deciding which properties to sell when. Including the future upside, if you are thinking as a future owner of the renewed SOT. Even if a sale is roughly neutral to debt ratios and occupancy, it still reduces the depth of the hole they have to climb out of through refinancing.
With the Welches, you had the feeling they could fly the airplane into the ground as long as they had their paycheques and their parachutes. I have far more confidence in a company led by GA's approach to value investing.
absolute garbage again from 2 short ones!
" it still reduces the depth of the hole they have to climb out of through refinancing "
Selling off the better performing, higher occupied properties deepens the hole....... it reduces free cash flow and reduces the prospects of recovery.
This forum is awesomely hilarious. My only regret is not taking 50 cents on the dollar for the busted cons.