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Bullboard - Stock Discussion Forum Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  MGRUF | T.MRT.UN

Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing... see more

TSX:MRT.DB.A - Post Discussion

Post by incomedreamer11 on Aug 10, 2022 11:44pm

Dead money

Nothing can move this REIT , only Sahi

Insiders still selling shares
Comment by flamingogold on Aug 11, 2022 9:36am
I see only 1 insider selling. I don't think it's always about insider selling. Look at Musk and all his sales. This one is being held back for some unknown reason. One day we will know and the pop will be missed. https://ceo.ca/api/sedi/?symbol=MRT&amount=&transaction=&insider=
Comment by Shirtlessnomore on Aug 12, 2022 12:08am
I agree with both of you in that this is being held back for some unknown reason which bothers me and also I believe as well that it's dead money, in fact that is the general consensus obviously with the way it trades, both of those reasons are why I havent added more, to have dropped over $7 in a week and while everything else in the sector has recovered at least to reasonable levels ...more  
Comment by WanTBe1 on Aug 15, 2022 11:20am
Holding for now.
Comment by Shirtlessnomore on Aug 16, 2022 12:37am
I am as well and I actually may add some when China invades Taiwan as I'm sure that will be the next stock market hit. Cheers
Comment by flamingogold on Aug 16, 2022 10:12am
It sucks to be underwater, likely the majority of shareholders here, but it sucks more to hold an underwater equity that doesn't pay you to wait. I own some HEXO, and I know between this and that one which I will dump first if push comes to shove. So... I am ok to wait. This will move when Rai says so.
Comment by Shirtlessnomore on Aug 16, 2022 10:43am
Agreed flamingo, I have stuck to dividend paying stocks with the exception of a couple cheapies that are merely speculative for that exact reason in these market conditions. Cheers.
Comment by slst on Aug 17, 2022 1:43am
There is still a very large short position of 1.7 million shares.   They are closing out a bit at a time on a regular basis.  Even goo earning, we did not get any meaningful buying so the short are taking their sweet time.  as soon as the distribution is increased it will get more expensive for the shorts to hold on.   Am deep underwater on this one too.  With book ...more  
Comment by NotDrake on Aug 25, 2022 11:19pm
I completely missed it, looks like Morguard Corp purchased 450,000 shares of MRT two days ago.
Comment by Malpeque2 on Aug 26, 2022 2:06pm
Way to go RAI!    These shares have not been left for dead just yet.   
Comment by HermannHaller on Sep 01, 2022 2:18pm
Thx, I missed it too. I guess that's why the stock has been a rock at $5.05. Doesn't MRC usually press release these buys? MRC had $566 million in liquidity at end of Q2. They could take MRT.UN private at $8/share for less than $200 million. Haha, fun to speculate.
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