Post by
EstevanOutsider on Dec 07, 2024 12:33am
Started a decent position this past week
had been in morguard before but sold out on the last rally as bond yield rips.
however this time i think i'll let sit and forget.
armoyan and sahi (mrc) taking over 90% leaves a big incentive in the next year to go private.
armoyan is not buying for a 4.25% yield. neither is morguard corp.
i suspect mrt could be sold for $12-13 in a firesale. the unit price is $5.55 today!
melcor went for a 50%+ premium and had worse assets, more free float.
mrt has some good offices in vancouver/ottawa + great retail assets.
i also think MRT could raise the distribution which was cut twice since covid.
in the story now so good luck to us all
Comment by
flamingogold on Dec 08, 2024 8:04pm
Welcome. Seen you on the TNT board which I also hold. I've been in MRT since after the second divy haircut. A little up on the share value so far but the divy has made it worthwhile and beats holding cash. Boring as heck but believe we are close to the gala fireworks. GL.