Post by
Malpeque2 on Mar 09, 2021 4:25pm
Sahi Liquidity Squeeze
Is a JOKE on the Public Shareholders.
MRC Annual Information Form page 4 says they have over $1.3B in properties and unencoumbered assets on the balance sheet.
Hotels are sucking wind. Ditto Enclosed Malls. Morguard North America Residential is doing just fine. Look at the 4th Q and annual numbers for that asset. MRC owns 40ish % of this.
Rai just needs to be able to pick up the phone and call the Brokers and make a few sales of some of the better performing stuff in the portfolio and use the $$$ to buyback stock.........pay down debt.
Naw.............
What I don't understand is WHY squeeze the public on the REIT price and the MRC price IF your not going to make and offer for the Whole show Rai?
He has a few directors in MRC with fairly decent stock positions also, you think a few of these folks might bring Rai to some sense.
Comment by
mariorizzi on Mar 09, 2021 5:54pm
There is a lot to refinance this year and rents are down and occupancy has not even begun to recover. You can't send money to shareholders and then go begging to banks.
Comment by
MTLfinecity on Mar 12, 2021 6:33pm
Stop fear mongering. MRC at 110 = Suncor at 15. Stop scaring people with an end of world scenario. Investing implies that the world will not end.