Stockchase Opinions

Michael Smedley MI Developments Inc. (A) MIM.A-T PAST TOP PICK Jul 20, 2005

(A Top Pick May 25/05. Up 5%.) A very high quality company.
$39.260

Stock price when the opinion was issued

property mngmnt investment
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TOP PICK
Very controversial, because they have just made a bid to take over the shares of another property management. Stock is selling and is down 30%.
TOP PICK
A win/win situation. No matter what happens to the current controversy. Hedge funds, which holds the free stock, thought it was a REIT. If they win, US buyers will repurchase.
TRADE
Positive about it.
BUY
Has a vulture-like attack from Greenlight Capital which wants the company to be changed into a REIT. Can see another $10. A very high quality real estate company.
TOP PICK
Quality asset. Confounding a lot of people, mostly shareholders as it wasn't changed into a trust as expected. There's room for expansion in this area.
HOLD
An unusual real estate company. Would continue to hold it. Very solid company.