True North Commercial REIT T.TNT.UN

Over 600,000 units bought by insiders past two days

[EstevanOutsider]

and i joined them. nothing changed but the reit lost 50% of its value? first time shareholder who always had an eye on it. picked up 10k shares for my tfsa. thanks to all the clowns who sold. love these types of opportunities. office reits likely rally hard when the fed pivots.

[sclarda]

Yeah  okay there Mr. Buffet. I am sure everyone is on pins and needles waiting to hear the mickey mouse buys a pompous little pr%ick such as yourself are doing. The Oracle of Stockhouse has spoken.

[CanSiamCyp]

This post has been removed in accordance with Community Policy

[ARGONOT]

They had the shorts inplace.before the news.glta.

[EstevanOutsider]

Ceo bought another 250k yesterday. Director added some too. Not much changed but distribution cut. Anybody should have known it was coming given 100% payout ratio - now much lower. Yield over 8%. Was it worth a 40% haircut?

[pandsca]

As much as I hated seeing my stock value drop about $90,000 over 2 TFSA accounts, I'd prefer they cut the DIV than go under. The stock price will eventually (like in about 2 to 5 years) recover (I hope), but the DIV % will shrink as that stock price recovers unless they incrementally increase the DIV (which I'm sure we all hope) to maintain the 8+% level. Because of this, I'm now

[HermannHaller]

CEO bought another 250k today, that's 1 million shares since the results and div cut.

[pandsca]

It's always a good sign when insiders scoop-up everyting they can during times like this. Their own confidence in their own product will spread to their own investors.

[flamingogold]

I bought into MRT.UN after the 2nd distribution cut. The CEO has been buying gobs of it and while I am happy to know he is digging deep into his own pockets to buy, it has not moved the needle on the stock very much. The market essentially hates the sector. While the distribution is quite tasty here, I wonder if there isn't another cut on the horizon. SOT.UN did a 70% cut. These really are

[nedstar71]

Gamble is greatly diminished at these prices, and with the 50% dividend cut 3 weeks ago I highly doubt another one is coming any time soon.  SOT.un cutting 20% more really isn't significant as their management team are incompetent bozos. MRT.un is a different animal being residential? but its yield sucks as do most of the residential reits.  I'd never own any of them.  All

[flamingogold]

MRT is all commercial. They also cut twice early during the pandemic so they are done. INO cut 50% last fall and has since dropped another 35%. I might nibble a bit here but I'd really want this under $3 before getting serious on this based on their peers and sector sentiment. Just saying, don't shoot the essenger.  

[nedstar71]

No worries we all have different opinions and risk tolerances. For some reason I thought MRT was residential.  It being commercial it has held up very very well.  

[flamingogold]

MRG is the residential reit you are referring to. MRC holds a mix of residential and commerical and MRT is only commerical, the latter I own. They are all majority owned by the same billionaire, Rai Sahi. MRT did a 50% distribution cut... twice during covid and after the second cut is when I bought. The distribution rate is a piddly 4.4%. Despite the CEO Mr. Sahi buying agressively almost every

[hroark7]

Source that "Over 600,000 units bought by insiders past two days" or you're capping.

[Expat1652]

https://www.barchart.com/stocks/quotes/TNT-UN.TO/insider-trades

[rabnud]

the one guy bought 1 million shares