Post by
WizardFuture on Nov 02, 2022 5:57pm
Great results today
https://stockhouse.com/news/press-releases/2022/11/02/morguard-corporation-announces-2022-third-quarter-results-and-regular-eligible
Comment by
Malpeque2 on Nov 03, 2022 2:09pm
Where is the Company on the BUYBACKS?? They are authorized for 5% of the float. They have taken in about 75K shares YTD. 5% is like 500K shares. Stock is Super Cheap on Price to Book and Price to Earnings for a Real Estate Company with a diversified portfolio of properties on both sides of the Border.
Comment by
bruloil on Nov 03, 2022 3:21pm
Mr Sahi is a value killer for his stock : never increase dividende, almost no buyback beside when HE buys the stock for himself at very low value with the bankster's arm... That is how he got so rich. I used to own many MRC investments (club link, twc, mrt, mrg, mrc) and I've learned not to be patient with this kind of guy; move away elsewhere and earn real yield.
Comment by
Malpeque2 on Nov 03, 2022 5:32pm
Good chance he is going to DIE before I do. At least there is almost a mathimatical certainty that my kids will live longer than he does! I can wait. He depresses the stock Intentionally. It's all intentional........part of his game.
Comment by
NotDrake on Nov 03, 2022 6:01pm
How many years of distributions will it take to cover the drawdown from the past couple of years? lol At least Morguard is giving everyone an opportunity to transfer shares at a low market value to the next generation, hundreds/millions saved in taxes.
Comment by
NotDrake on Nov 08, 2022 12:21pm
Above average volume today
Comment by
Beabaggage on Nov 08, 2022 7:31pm
maybe the company is picking some shares up, the earnings report was strong I thought. I added to it when weak, a long term holding for me. Bea