Post by
garyreins on Jan 12, 2025 10:31pm
Correct me if I m wrong.
Looks like both DZ and Gary and possibly REITMAN and others here are ready to deply some cashola on CAD reits has they drift lower this week. DIR.UN dream industrial has been spanked $14.50->$11.50....june lows taken out even though they just reported sales last quarter 16% above $16 NAV
SRU, RIOCAN, HR high quality reits about to go down the toilet too on this bond tantrum
THIS as the most bullish time for stocks and rrsp and bonus season is here, the selling pressure is relentless after the bond market already moved up +115bp in 4 months
things are about to get interesting. does the next capitulation sell off day have big buyers step in on these big juicy yields as the market makers sell the narrative that the economy is going to be hot in 2025
Comment by
REITman on Jan 13, 2025 12:06pm
I still dream of picking up DREAM Office under $17.10. Should be an easy one-and-a-half-bagger in short order. That may not be epic, but it will help salve the REIT wounds I have suffered of late.
Comment by
garyreins on Jan 13, 2025 12:11pm
are you that confident manji wants/is going to buy it out? id say its 50/.50