Post by
Predator2018 on Feb 17, 2021 9:10pm
Almost 70% owned by Insiders & MRC
Why this company is still public baffles me. The impact will be short. It will drop but will rebound because the some of the latest parameters like FFO and rental collection percentage were awesome. Stock traded based on future and as covid unwinds and stores. & malls open again, it will rebound. Glad I sold most of my holdings and reduced my stake in it. Will load up again if it drops a lot tomorrow.
Comment by
canadian on Feb 17, 2021 9:17pm
My guess is MRC want to steal MRT at a lower price (taking private).
Comment by
Shirtlessnomore on Feb 17, 2021 9:21pm
That's an unlikely scenario as they were better off accumulating shares at the higher dividend amount, the share price wont drop 50% so as far as MRC getting anything it will now be in fact more expensive.
Comment by
canadian on Feb 17, 2021 9:26pm
valid point. But why don't they suspend DRIP?
Comment by
Shirtlessnomore on Feb 17, 2021 9:27pm
The drip saves a ton of $$$ ..
Comment by
canadian on Feb 17, 2021 9:32pm
It will save money but suspending DRIP will stop issuing new shares at current low price.
Comment by
canadian on Feb 17, 2021 9:46pm
will be adding more if it falls