TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 21, 2024 3:02pm
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Post# 36324457
NEW SEEKING ALPHA ARTICLE JUST DROPPED!
NEW SEEKING ALPHA ARTICLE JUST DROPPED!Good analysis, hard to disagree with anything they said.
https://seekingalpha.com/article/4739397-artis-reit-high-yielder-completes-deleveraging?mailingid=37572133&messageid=2800&serial=37572133.1299&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=37572133.1299
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Realistically, Artis could sell it all today for maybe $9 or $10. So we are not going to make the case that this is a bad valuation. We are only going to make the case that there are better risk-reward situations out there where you can make 25% plus with lower risk. Even here, we might have ventured a long position in the common units if the company was not hellbent on pursuing another REIT, Dream Office REIT (D.UN:CA) with its cash."
I agree with that, Manjis unorthodox and disguised approach poses risk for sentiment. But, he has big skin in the game and can ill afford to not get it right.