Morguard Corp T.MRC

The trend is your friend

[pierrelebel]

MRC - Closing prices for the last six weeks on the TSE.

April 16 - $117.50

April 23 - $119.97

April 30 - $123.44

May 7 -   $128.16

May 14 - $134.27

May 21 - $138.82

That works out to a gain of about 12% in five weeks (April 19 to May 21).  Not bad for a "real estate" stock.

Of course there is no guarantee that the uptrend will continue but.... looking pretty good so far.

Good Luck to all shareholders.

[Northforce13]

Probably lots of big investment ppl realizing that in a normalized market, with covid gone this is > 200. Future quarters are likely to start seeing property value writeups instead of writedowns, which could intensify as everything re opens and normalizes.   Pre covid this thing was 205 ish.  The big question I suppose is will real estate gain in value relative to pre covid

[slst]

I like the way you look at it weekly.  The low was end of February and since March 1st MRC stock price has gone up steadly and up now up nearly 40%.  I also expect the price will blow past last years $200 per share.  Continues to trade at a discount to NAV.  I like its Subsidiary MRT.un as it is trading at an even bigger discount to NAV.  Good Luck Longs.