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

Morguard buying again

[HermannHaller]

I assume at some point they will have to put out a press release. Maybe that will spark some interest in this REIT. 

MRC must be around 62% by now, plus Sahi's personal position.

[HermannHaller]

They continue to buy a few thousand shares from day to day. Why does MRC do this? MRC owns 13.7 million shares, why bother buy a few more in the market? Just take it private, and stop piddling around.

[flamingogold]

Private will require a large premium. Sahi can buy cheaper in the open market. Whatever the reason, the buying has put a floor on the stock.

[slst]

You hit the Nail on the Head!!!  They are better off nibbling at this and giving the shorts a clear signal to close thier positions gradually before they gobble the works at a GIANT discount to book value. Sad to have to wait, but thats the nature of the game. Good Luck Longs.