Post by
slst on Oct 09, 2021 12:20am
Bought more today.
Don't listen to me. So far I am Dead wrong. I sold all my Reits at a nice gain and bought Mrt.un. Now I am 12% under water, as I bought a much higher prices. Should have stopped buying when it dropped below $7. Feel like an idiot, as I kept averaging down.
They say "Every Dog has its day". Hoping "I" am that Dog and has its day.
I believe the management is just not into promotion, rather sticks to good reporting.
They took more writedowns than their peers and will have to take write ups going forward.
Refinancing are lower rates. Renovating annually. Some positive and some negative lease renewals. Decent cash flow of over $1 per share annualized. Remember, they have paid this for many years. Book value is $18 per share. Trading price does not make sense to me.
I am hoping this is deep value. Hardly any analyst are following yet.
Have nervously got my fingers crossed.
Comment by
babybunny on Oct 10, 2021 12:47am
I am a long-time deep value investor, and this sort of stock is no good for the fngernails. The unit price may languish for years as the underlying business continues to chug along and add intrinsic value. Then BANG! all of a sudden it will pop so fast nobody can get in. The shorts will be blasted to smithereens when this happens. *** just my opinion, as always ***
Comment by
baldstock on Oct 10, 2021 4:32pm
don't trust book value of $18 Cn tower sold @ 10 dollars with debt last year. Conservative book value is $10 dollars I think... Holding until it hits 10 Going LONG!
Comment by
flamingogold on Oct 14, 2021 8:18pm
The shorts will test the patience of longs. Who wants to hold a declining stock or one dripping when so much else is rising, right? I own BBD which was in the throes of looming bankruptcy for 2.5 years. It too had a huge short, but the company prevailed, restructured and refinanced their debt and is up 788% over the last year. Sometimes, all you need is patience.