True North Commercial REIT T.TNT.UN

Why pay full price? Buy when on sale!

[pierrelebel]

Management of TNT.UN cut the monthly distribution by 50% and the units are down in price by about 40%.

Their value has not changed because the distribution is reduced. Only the price the units are trading at has changed. The value is still there.

So today I took an initial position and purchased 4,300 units on sale with a yield of 9%,

It may take a year or two for the price to recover.  So what?  I am getting 9% while waiting,

Patience will be rewarded.

[impega]

100% agree pierrelebel. But it won't take that long to recover. Follow the money and Drimmer is buying big! Oversold!!!!!

[pandsca]

I agree. Although I'm downon TNT about $85,000 CAD accross 2 TFSA accounts with this price drop, but I'm not worried about TNT recovering over the next 2 to 5 years. Have a 40+% SP dive recover in a year is very optimistic. It'd be great if I was was in my assessment that it should be 2 to 5 years to recover to pre-cut levels. Keep in mind, if TNT does not increase the DIV during