Boardwalk Real Estate Investment Trust T.BEI.UN

Where From Here?

[retiredcf]

I'm up 87% on BEI.UN and it is approaching a long time high. Does this still have legs or is it time to take some profits?

BEI is doing much better than most REITs as it is a bit of a proxy for the energy sector, which is doing better these days. It reported a strong recent quarter and upped guidance. This was followed by several broker upgrades. We think, with interest rates likely peaking in Canada, it is worth holding, but we might trim it back to an original starting weight after its 40% gain this year. (i.e a 3% position may have risen to 4.2%, all else equal, and we would take it back to 3%). (5iResearch)

[malx1]

The problem with these shareholders asking vague questions about selling units in relation to their ACB is that they don't take the time or make the effort to value the business in its current form. Doesn't matter if you paid $1 for your shares. If the business is worth $80-100, then you can: 1.  Hold 2.  Sell 3.  Trim Everyone is different, so you cannot provide an

[malx1]

The real problem with these shareholders asking vague questions about selling units in relation to their ACB is that they don't take the time or make the effort to value the business in its current form, under current economic conditions.  Markets are in flux, they always are.  You couldn't give these units away for $20 in early 2020.  You had shareholders here complaining