Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Took a new position here

[nbastar1986]

Starter position 2k shares.
good earnings report + dividend cut = buying opportunity in my books.
This is way undervalued and probably worth $7 easily on a buyout from MRC.

[Capharnaum]

$7 would be an absolute steal for MRC. They could then turn around and sell the parts and easily get over $10 of value. Unfortunately, due to their stranglehold on the stock, it might happen, even though it would be a middle finger to all long time shareholders.

[wheeloffortune]

Really?!  At a 4.6% divy, I think it's worth around $3.  Too many other REITs with better divys.  Take for instance PLZ.Un.  7.5% divy and SP fairly stable.  Today, it's $3.72.  Feb 15, 2019 = $4.20.  MRT Feb 15, 2019 = $12.36.  Feb 14, 2020 = $12.14.  Today, MRT's at $5.25.   

[canadian]

You are wrong. All the remaining cashflow will be used to reduce debt or buy back shares. Also I believe all 2020 and 2021 dividend will most probably be 100% ROC.

[Shirtlessnomore]

Just wait, the dividend cuts are not finished for some of those high yields, preserving cash is what most are doing. Chasing yeild has proved to be somewhat dangerous in this environment. I have been happy to add and I'm fairly confident we will see some buybacks pushing this up. Nothing wrong with a 4.6% dividend yeild especially with the ramp out front of this. Every stock has had a rough

[MTLfinecity]

market is so easy today. We flush out yield investors. 

[nbastar1986]

Stock looks dirt cheap to me. trading at way less than half of book value of assets after they wrote down the values this year. this is a steal. hold for a few years and your yield on cost will be like 10-15%.