BTB Real Estate Investment Trust T.BTB.DB.H

b919191

[garyreins]

What is preventing you from selling this REIT, taking a capital loss, and buying a comparable REIT like HR, Artis or a million of other reits?

Just curious as to if you have a huge position that is hard to unwind and believe BTB still has great assets that you want to hold

[b919191]

I believe that this REIT could be more successful with major governance changes, and that should these changes be implemented, the stock price would more accurately reflect the true instrinsic value of BTB's assets. Put another way, in my view, the price of this stock is severely discounted because many serious institutional investors are scared to death by its apalling corporate governance

[garyreins]

I hear what you're saying but can you argue BTB is undervalued relatve to other Canadian REITS namely diversified ones? On a NAV basis it seems somewhat inline

[b919191]

Sorry I am confused by your question, are you not the same 'garyreins' who posted this less than 1 week ago?

[b919191]

$3.60. That's why anonymous is buying this up....9x is like HR and other reits and still a cheap multiple by historical standards

[garyreins]

Correct it is CHEAP by AFFO multiple however not by a NAV multiple.  Even with that its about 30 cents or 10% cheaper than HR muliple (AND i figure thats due to higher debt and quality of assets)

[garyreins]

I mean even if they clean house and bring in a new managemnt team I DONT see it flyingto $4.  Maybe up 5-8% 

[b919191]

I think I am not making myself clear. Let me take another crack at it. I believe that this Company cannot do well when its management gets paid based on the achievement of unclear and/or questionable short-term goals. Fixing that will not guarantee that they will suddenly do well, but it will ensure that at least management does not get rewarded when/if they keep doing a poor job, when the long