Post by
Beabaggage on Sep 14, 2022 10:41am
added shares again
recent selloff and angst in the r/e market a gift, happy to continue to accumulate here. recent property sales show still good demand for r/e including even hotels. Bea
Comment by
WizardFuture on Sep 14, 2022 11:26pm
Yeah the price is insane. Just hold and buy a little each month. That's my strategy. Book value keep increasing quarter over quarter. The price is insane. And with Canadian federal plan of mass immigration, their canadian properties will just slowly increase in value and demand. This is a no brainer. Just wait and see.
Comment by
NotDrake on Sep 15, 2022 2:56pm
Just keep stacking MRC shares lol. Am holding off for a bit, but each quarterly DRIP currently reduces my average cost by about $0.02.
Comment by
Beabaggage on Sep 18, 2022 6:47pm
good points, yes I agree.. the NCIB is a joke tho, they are limited because volume is so low in what they can buyback here which would be accretive to FFO, NAV.. last year only 5,000 shares. The way CA does buybacks w limits I don't care for, it restricts the market.. oh well, patience here, glad to own and hold, will add more if it continues weak into yr end. Bea
Comment by
Martin1 on Sep 22, 2022 1:05pm
Within $10.00 of 10 year low. Time to nibble? I seem to recall around 2008 the share price was $20.00. Can't seem to locate a graph of share prices back then.