Post by
InvestSmarter on Oct 04, 2023 6:50pm
Due for a Strategic Review or Updates
2 Months and units down 15%.
Debentures must have been paid out?
Asset Sales?
Pref Reset Confirmation Announcement?
Interested Parties?
Any major leasing updates that can be announced?
Management is slipping in keeping unitholders up to date at such a critical time. How is the lack of updates beneficial to unit holders? If this was Samir, he would go activist in requesting updates while the unit price continues to take a hit and now lagging other REITs in the recovery so far. No NCIB running. so do better Samir. You are letting us unitholders down with your silence.
Comment by
garyreins on Oct 04, 2023 7:27pm
Agreed. Wiith NCIB expired and a possible weak Q3 quarter with AFFO, he knows if he comes up short it will not be good
Comment by
EstevanOutsider on Oct 04, 2023 7:38pm
Cooper probably wants to take it private. Dream Office is trading at $270 psf. He was buying closer to $30s in recent years. Downtalk it and part if out with Sandpiper when sentiment improves and rates fall. It's trading below its land value.
Comment by
garyreins on Oct 04, 2023 8:15pm
They just attempted to tender 100% of their holdings at $15.5 SIB...and unless they were in discussions to take it private right now and therefore have material info, there's nothing permitting them from accumulating down here first. Who knows why they arent buying but it sounds like his bearishness on office is legit
Comment by
InvestSmarter on Oct 04, 2023 10:16pm
Peter Schiff says gold will hit $10,000 and Donald Trump says the war would end in days if he was president. The market also expected an ADP report of 160,000 and got 89,000. Fact is, it's all guessing. And Rick said he doesn't think it will hit 13-14%, but it could. Rates could also hit 2% before it hits 6%.
Comment by
garyreins on Oct 04, 2023 10:20pm
The stock market and economy will crash if the 10 year hit 5%......anything higher and the banks go bust. Bank of america sitting on huge bond losses of 150b+