TSX:REI.UN - Post by User
Comment by
hroark7on Dec 24, 2024 12:59pm
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Post# 36376646
RE:RE:RE:RIOCAN
RE:RE:RE:RIOCANJanniem wrote: Pretty happy to have been picking up more of this stock over the last month. Notice trading volume is pretty low, it is going to bolt up and a few traders are going to loose out.
Dividend will be going up. In my oipinion the uncertainty with Trudea and Trump has affected stock price. Love this stock and its dividend.
And big bonus for us if Riocan actually accepts a on its stock buy back, and buys back stock, to cancel.
A pop up may be coming and I am good with just collecting my amazing dividend.
My theory is that right now, AI and tech stocks are very hot and the market is largely focused on the Magificent 7. You see it in the decreased volumes of not-hot sectors such as REITs.
Sentiment always changes and at some point, profits get taken and move to different undervalued sectors.
In the meantime, we're getting paid to wait.
I don't know if you live in the GTA but right now, The Well is packed and their Christmas program is a huge success. I pass by a lot of RioCan properties every month around Toronto and they are all packed. Tons of foot/car traffic so the retailers should be doing well and will be happy to pay their rent (aka our dividends). The business is solid,