RioCan Real Estate Investment Trust T.REI.UN

Retail Apocolypse

[BlueGuitar1]

So sad.  Did you hear that Godiva Chocolate is closing all of its stores in North America.  So sad. I have to be honest, retail is up sh it creek in a leaky canoe without a paddle and is phu ck ed. 

And some of you pumpers still think we will see $21 in 2021 and $30 in 2022.  Not happening with government mandated shut downs.  Better get really defensive.  

On a positive note, looks like Reddit is preparing to wage war on the silver shorters.  By physical.  You are welcome.

[BlueGuitar1]

Typo- BUY physical. 

[Mirko22]

21 in 2021. 30 in 2022. No way, $13 in 2021 . $9 in 2022.

[thenewsnake]

A small chocolate store that I've seen virtually no riocan locations have is least of concerns to me.  Lockdown era is on the 8th inning.  Quebec and Alberta, New York and California along with rest of the world is getting ready Feb -April everything will reopen and then come the mass population vaccinations. 

[Leoblows2]

Leo nailed Sarge wife again . Thumps up . Cheers 

[gashole]

Hey just a big thank you to everybody that keeps quoting snake and snake a big thank you to you for your comment, and sorry to everybody just trying to give an alternative to sitting Around picking your bum Get out go for a walk get an ice cream cone at a new Place that's open. Sorry for recommending.... Maybe I should start promoting GameStop and AMC On here and I would get more appreciation?

[Mirko22]

Leo nailed Sarge wife again . Thumps up . Cheers 

[Shirtlessnomore]

Too funny. Apocalypse eh? You have to be honest do you? All this because godiva is closing? Maybe you are happy to have everything shut down but I am forward looking to normalcy and getting out and going places, things will boom when the green light comes, and silver has been controlled for years "reddit" cant and wont fix it.

[jaybull79]

Exactly. We will boom. People are so sick of the restrictions, so sick of all things online, sick of zoom, etc etc etc. If its not one retailer, it will be replaced by another...and Riocan is all prime property... https://www.bnnbloomberg.ca/strong-getting-stronger-retailers-scouting-property-amid-covid-1.1552721

[BlueGuitar1]

No guys.  It looks like rents are and have to come down.  I will guess that the FFO will drop by at least 13%.  The Godiva Chocolate reference was just to give an example of what is happening in the retail world.  I am seeing sub $12.  Serious.  2021 will be the year we retest lows.  

[jaybull79]

REI is 38% lower than this time last year. I think todays prices more than reflect a temporary 13% drop in FFO.

[BlueGuitar1]

Hey Shirtlessnomore, Silver is starting its uptrend.  The short squeeze will be epic.  Good luck to you. 

[CANCDN]

  the only person on this board who has been wrong more than the covid modellers

[Shirtlessnomore]

Yeah thanks, I have got caught in the silver routine before, it's been way too low for years upon decades, many have tried and failed, reddit thing is just pumping stocks like the fabled $1k on GME lol, how many will be stuck holding that bag or the AMC bag. Just a giant pump and dump, big money has been made, but the ones jumping in for the last couple days are getting on the titanic. I'

[BlueGuitar1]

@shirtlessnomore-  buy physical silver, not the paper and take delivery.  Let's see what happens.  Silver and Gold is money but also a commodity. Just watch what will happen when industries need the silver to make their batteries or solar panels and they start stockpiling silver.  Good luck to you and congrats on getting some silver.  

[Shirtlessnomore]

I only buy physical silver, no drama involved with anything other then the price of it.

[Shirtlessnomore]

Ok blue, just to show you I'm not entirely against your silver prediction I bought some more, i have some already from old hopes and dreams maybe it will pay off someday and at least it's a real asset not a pumped to 50 times its value stock. What will most likely happen is my daughter will eventually reap the rewards because I've never sold any of my silver. Cheers gl ..

[gashole]

i think blues is trying to paint a bigger picture, but yes Godiva and their what?? 5 stores in all of Ontario?? isnt going to sink the Reit sector.. Once this is all done, those locations will be leased up by businesses that are stronger, the survivors will benefit. All this is just to shake out the weak businesses....... Hey, anyone check out the new ice cream place? Downtown Oakville, called

[materialsgirl]

Blue one You need to imagine April and June and September. How may North Americans will be vaccinated? Only one million people will be dead and immigrants  will be piling into Canada mat

[Mirko22]

SELL SELL. Keep dreaming.

[BlueGuitar1]

Hi Materialsgirl- The rate of vaccination is not going as planned.  Herd immunity is a long way off.  And you must have read that the vaccines  are only 60% effective to the South African strain.  As a result, I believe that there will be 4 waves at least and retail will be hurt forever.  As a result of this, rents have to come down.  Lots of available real-estate