Post by
amugsgame on Jun 27, 2023 1:34pm
Pretty Simple
The SP drop is pretty simple. You can spout numbers all day but the market doesn't care. What is seen is the news on the JV and that fat div that is probably going on to be given a 50% haircut soon. Yes that may still result in a 6% div but you can get that in some Cdn banks now with a lot lower risk
Comment by
DanielDarden on Jun 27, 2023 3:20pm
SLG is up 25% after announcing a JV in one office building in NY. Sovereign, pension and private funds are constantly searching for JVs to enter into, yet, because a JV fell through here, most of the market is assuming doom and disaster. PDL did not build this co. by being stupid and without contacts internationally. Patience is a virtue, followed by reward far greater than 6% IMO.