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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > So much for using NCIB for defence!
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Post by DZtrader on Mar 01, 2023 11:09am

So much for using NCIB for defence!

I said it before, I'll say it again, their stratagy sucks. These guys had better right this ship here fairly quickly or we will be retesting those covid lows before you know it. I have this nagging suspicion they are going to stick to their guns and we will be in for the very long haul here. I have yet to read any analysis that is pro this groups direction. Having said all that, the quarter wasn't a disaster, lets hope it finds some footing here soon. I noted quite awhile back that there was no way we would sell other assets anywhere near the same rates as achieved when we sold off our crown jewels and this has obviously played out. Time to regroup here sooner than later and take care of debt first, enough of playing stock picker (epic fail).
Comment by SNAKEYBOY on Mar 01, 2023 11:16am
I expect them to lose the FCR proxy....then what?
Comment by DZtrader on Mar 01, 2023 11:30am
Well it's hard to say. I doubt they just dump shares of what they bought as that would be admitting defeat. Seems like their reputations and business accumen are taking a bit of a beating here. I am hopeful this doesn't spiral. If some of the bigger holders of Artis smell things are fowl, we could be in for a serious drop here. I am hopeful that is not the case but there seems to be some ...more  
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