Post by
SNAKEYBOY on Jun 23, 2023 10:44pm
Next Steps 4 D are obvious to me..r they obvious to Coopa?
Asset sales are must. I'm not talking about dismantling the beautiful collection of downtown assets that work well as a portfolio.....simply choose a couple that they can do without and even sell the non-downtown ones at a discount if needed.
Improve balance sheet substantially and ensure the NCIB can run indefinitely.
Sell DIR whenever it comes back to life around $15.
Simple structure - just downtown office with rezoning potential, solid balance sheet, funds to support a NCIB to mop up the shares and the float continues to evaporate over the next decade. Thats all it will take to get us to $25+ when reits start rebounding.
Comment by
SNAKEYBOY on Jun 23, 2023 11:20pm
Good find Reece. D.UN should also look at rebranding itself as more than an office reit...resaurants, some goodlife location in the lobby of a building, resedntial rezoning. Call it "Dream-the next Frontier"and maybe the stock will trade better?
Comment by
jmkOttawa on Jun 24, 2023 7:57am
It is obvious to you because you are thinking in the short term, and feel very uncomfortable with the current unit value. Cooper knows that the current macroenvironment is temporary and that selling valuable assets for well under replacement value does nothing for long term value.
Comment by
SNAKEYBOY on Jun 24, 2023 11:12am
My philosophy is not selling stuff out of fear...its to make use of the 25% equity discount between private and public....boost that NAV to $40 by continously maxing out the NCIB