Post by
MARKOPOLIS on Dec 22, 2020 12:28pm
Are you kidding me? Did you read this press release
They are again telling investors they will not buy back shares at less than 50% NAV instead they will acquire more garbage properties they cannot lease but they can't charge outrageous fees for acquisitions and management
they are telling us their balance sheet is ok for more acquisitions but not for buybacks this stock will be less than $4 in short order
Tom has been a highly valuable member of the REIT’s Board since becoming a trustee in 2017,” said Blair Welch, Founding Partner of Slate Asset Management. “We look forward to Tom’s leadership in his new role as Chair of Slate Office REIT as we continue to advance the REIT’s strategic objectives including the pursuit of office acquisitions in the greater Toronto area and the United States as well as exploring opportunities in Europe.”
Comment by
RetiredCEO on Dec 22, 2020 2:07pm
This post has been removed in accordance with Community Policy
Comment by
MTLfinecity on Dec 29, 2020 11:03am
Hi, In all fairness, Slate asset management has strong presence in Europe (one ot the Welch brothers actually lives there). If the market is efficient in North America, why not look elsewhere? Pandemic brings its own unique set of opportunities. Buy low sell high. Good luck.