Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

who are the dumb investors selling?

[canadian]

who are the dumb investors selling when company is buying back at least @ 6.36? Added few more. Please sell more.

[Shirtlessnomore]

I was happy to get 6.40 to 6.50 for a bunch today. It's now within 1.50 of precovid and less yield so I found it a good time to move on. Cheers and good luck all.

[Shirtlessnomore]

Not to say I'm permanently out here, the moment they stop buying retail just sells this down anyway so still lots of potential opportunities.

[canadian]

Their current payout ratio is only around 40%. Still lot of room to increase the dividend too. Before Covid they were buying back shares above 8$.

[Shirtlessnomore]

I agree with you, I dont think there's anything wrong with buying this, the float is so low it moves dramatically up and down. That's not a bad thing but holding it can get frustrating when in 3k shares it moves 20 cents either way. Lol. I will probably buy it again as I dont expect it to stay up here but I could be wrong. It's got about 25% to pre covid levels and I think that's a