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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 > Think about what sellers are betting on
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Post by garyreins on Nov 29, 2023 8:25pm

Think about what sellers are betting on

That Mr. Manji, whatever brilliant result comes from the review,  will not do better in raising the unit price more than 6.24. That is what the market thinks of the review as of this moment.  Even if he got us 7.00 it's a decent shorterm return.  Sellers are betting against him including the short sellers.. that speaks volumes. 980k sellers today.  Betting that nothing will get done in next 30 days!
Comment by jmkOttawa on Nov 29, 2023 9:10pm
I think it's a very safe bet that nothing gets done in the next 30 days Gary. Which means whoever is selling, either needs the money now, has a more compelling  investment to make, or would like the tax loss and believes they can re-establish a position after Jan 1. Clearly, on the other side of the trade- there is a party who is happy to grow the position. I suspect the outcome of the ...more  
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