MCS Steel Non-Voting DR MSTUF

Peter Imhof

[retiredcf]

Is scheduled to be on Market Call on Tuesday. Given that he made MST.UN a top pick the last time he was on and is likely a large shareholder, it might be worthwhile to get his views on the proposed takeover. GLTA

MST.UN-T 2016-12-20 TOP PICK Peter Imhof
 

54% of their properties are in Texas and the rest in Florida.  They just announced an increase in their distribution that takes effect in January.  All these stocks have come off so he is accumulating more of this one.  He likes the management team as they keep beating his expectations.  They will continue to do well and may get bought out.  They pay their distributions in US$.  It is one of his larger positions.  (Analysts’ Target: $22.15).

 

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Price:

$17.950

Subject:

NORTH AMERICAN - SMALL

Bias:

SELECTIVE

Owned:

Yes

[retiredcf]

It's one of his largest holdings and he voted against selling it for US$16.15. Obviously there's consideerable institutional pressure being brought to bear which is why they are likely reconsidering the purchase price. Will post all the details later. GLTA