Post by
TimeTooSoar on Sep 18, 2023 5:34pm
New Investor here.
This mrg.un was top pick from the investment firm i use. Apparently new legislation that Trudeau is carving out about rentals can be a net benefit yo this company. Doesn't hurt also payout is low, NCIB and price cc targets of $24!! this looks like a nice time to enter!
Comment by
Garygould66 on Sep 19, 2023 8:11am
Looks to be a great entry point, thats for sure. This REIT has low debt of only 38.4% Its payout ratio is under 50% and its trading at a massive discount to its NAV of $36.90. On top of that they are actively buying back and canceling shares. GLTA
Comment by
TimeTooSoar on Sep 28, 2023 5:29pm
They sure are making it easy for an acquirer to take them out... I think boardwalk or capreit should..
Comment by
nini222 on Sep 30, 2023 2:30pm
Won't happen. The reason this thing is always cheap as f*ck is because its controlled by Morguard Corp. that has no incentive to sell it.
Comment by
TimeTooSoar on Nov 08, 2023 1:28pm
Morguard corporation just bought 176,000 shares on the market. Maybe they might possibly take out the reit?