Stockchase Opinions

Michael Simpson, CFA TransGlobe Apartment REIT TGA.UN-T BUY ON WEAKNESS Apr 12, 2012

Most of their apartments are in trouble Ontario with some in Alberta. Payout ratio is about 95%. 6.25% yield.
$11.940

Stock price when the opinion was issued

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National apartment landlord trading at around $12 and is worth about $12.50-$13. Good management. If you are comfortable with an 8% all in total return you can find here, but he would wait for a little bit of a pullback.
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(Market Call Minute.) Have a lot of renovation stuff to do.
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Going private and whether you should sell at what the stated price is, he hasn’t had a chance to study it.
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