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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Real Estate REIT - Diversified
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 > How clueless is Manji?
View:
Post by SNAKEYBOY on Mar 01, 2023 4:56pm

How clueless is Manji?

I over invested in Artis in Nov/Dec because I saw he was buying literally everyday ($1 million total those months).....how could you not follow that type of confidence and think the trade would pay off.  Now he and myself who bought between $9-9.50 are down at least 8% on the weak Q4. 

Furthermore, how can you expect to get a favorable FCR  vote when their track record with Artis is a -35% SP tanking this year.
Comment by CatchTheDip on Mar 01, 2023 6:10pm
Samir is not thinking short term. He is thinking long term. However, the unit price today reflect the fact he should have been more prudent on focusing his efforts. D is a reasonable size takeover. High quality assets, lots of levers to pull (selling DIR, development land). FCR discount to NAV is much less than Ds and AX. Samir should have stuck to a D takeover at the same time as buying back ...more  
Artis Real Estate Investment Pref Shs Series E