Wall Financial Corp T.WFC

Shake your divi maker.

[wynner]

https://www.vancouvernewcondos.com/properties/the-trails-north-vancouver/

The Trails North Vancouver offers a range of options to suit various needs and budgets:

• 2-bedrooms from 753 sq ft starting in the mid-$800s
• 2-bedroom + dens from 955 sq ft starting in the mid-$900s
• Junior 3-bedroom homes from 1,039 sq ft starting from lower $1.2M
• Junior 3-bedroom + den homes from 1,140 sq ft starting from lower $1.2M
• 3-bedroom homes from 1,250 sq ft starting from mid-$1.3M
• 3-bedroom + den homes from 1,606 sq ft starting from lower $1.5M

[malx1]

I spot smoke billowing from the windows, the onlookers are asking who did the landscaping. More funny stuff from the funny crowd of shareholders lurking here. Maybe they get their info from the funny BoD. What's the debt load here again?   $600mm? And the children are excited about condos and townhomes for sale at falling prices. Y'know, Winner, when the wind blows just

[wynner]

I've heard Aqualung. Jethro Tull is touring again. Pneumoconiosis. I grew up in a steel making / coal mininng area of the world. FWIW. Here is my free analysis for all to glaze at seeing there ARE no analysts covering this due to not feeding the ducks. From KPNG and MD&A. Cash: $22.788 million. For sale property. $175 million. Mortgage due: 2025 $56.6 million. 2026 $36.39 million. 2027

[malx1]

Nothing wrong with no coverage. I kinda like it.  Under the radar. My favourite company has one firm covering it, and for many years there was no coverage. Better that way, you beat the crowds. Oh boy, if you're banking on rate cuts to boost free cash flow then you've got the wrong Financial Planner. Tiff Macklem ain't cheap these days.  No messing around!

[wynner]

"Oh boy, if you're banking on rate cuts to boost free cash flow then you've got the wrong Financial Planner." Odds are that Tiff will cut rates by 1% THIS year. He's like. Take your marks..............get set............................. Watch real estate take off like Usain Bolt.

[malx1]

Not a chance. Market flooded with listings. Leveraged speculators being forced to refi at 5.5 to 6.0%. There will still be the old money launderers, students and homemakers buying for daddy. Tiff Macklem just quashed the RE bull.    That game is over.

[wynner]

I averaged down and used my LOC on my house. No brainer. "In April, the Greater Vancouver region recorded a total of 2,810 home sales, which represents an improvement compared to both March 2024 (2,396) and April 2023 (2,721), although it is below the 10-year April average (3,223).  "It's a feat to see inventory finally climb above 12,000," said GVR Director of Economics

[malx1]

Rising inventories suggests bearish market trend. We aren't talking blip, this is Major trend reversal. Not sure where your optimism stems from. Hopefully it's not Hopium. That's a bad one. Tell you something............................ One of my past jobs was building pensions. I still consult and manage a few modest retirement portfolios. Results have been respectable mostly

[wynner]

It is BECAUSE I am risk averse. I might buy more next week but I MAY not. I buy at a lower price than WFC pays. = FLOOR. Insiders own 91% of the stock. Market risk minimum. You think the market has anything to do with the stock price?  There IS no market. NAV is close to 50% of fair value. Blackrock, Brookfield , Sovereign wealth funds, pension funds would buy in a heartbeat.  There

[wynner]

CIBC's Bejamin Tal predicts 2.25% cut. That's about 4.5 million Dollars for the earnings. 50 cents for the dividend right there.

[wynner]

Same market cap as MNT.UN but with half the debt.  Reminds me of Tridel in Toronto.  The Tridel of Vancouver.  Sure would be a nice payday for the 91% of insiders if the Wall family sells to a Blackstone or Brookfield. Or some pension or sovereign wealth dudes. What's $1.5 billion to those guys. I have a mutual fund that is $4.5 billion. NAV is $40.

[malx1]

Anyone hoping for rate cuts to boost cash flow can't see the forest for the trees.   That's fine.    Maybe one day.