Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Funny thing happened on the way to $12.00

[DZtrader]

The stock moves up nearly thirty percent at near break neck speed and on a tiny profit taking morning all of a sudden the sky is falling again. Shake out some weak hands and dummies and then continue it's ascent. 

Nothing wrong with taking profits, it will happen all along the way. If you are long, not sure it's reasonable nor smart to think we go straight up every day, in particular in a seasonally weak time, also when at round numbers like $7.00. Dummies fret as retailers sell these numbers.

On another note, with regards to SIB,  was going to post quite some time ago, my hunch is we likely will not see one. If anything it will be small which would also be meaningless. Manji has longer term ambitions with his new found wealth.

Stay good,

DZ

[Frankie10]

I would be happy to see the NCIB buy roughly 200k commons a week until mid-December (fully-utilized), be renewed, and then continue to buyback in a slow and methodical fashion. I've been captivated by Samir and Artis even since Q4 earnings. I remember clearly all the voices screaming that the special committee failed. Analysts remain firmly asleep at the wheel...  I hope we hang out