Post by
Experienced on Nov 14, 2024 9:17am
Reading The Tea Leaves
We have been having a great discussion here, lead by Obscure regarding options trading, the ATM and more specifically the continuing discount to NAV and possible reasons for the discount.
Out of curiousity I looked at other splits to see what they were doing and to see if I could draw any conclusions or determine whether the discussion here was on the right track. In the vein I looked at FTN. Unlike ENS, they reduced the payout on their preffs and they have a NCIB to purchase shares (although they haven't utilized it). So in summary Quadravest is essentially doing the opposite of Middlefield.
The result?
The discount to NAV is actually slightly bigger than is the case for ENS.
What does tell me I should do?
Beats me!!!
Thoughts welcome....