Mainstreet Equity Corp

MEQ-T

Analysis and Opinions about MEQ-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 27, 2012

(A Top Pick Nov 16/11. Up 65.47%.) Apartments. Great management. Still cheap relative to NAV.

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(A Top Pick Nov 16/11. Up 65.47%.) Apartments. Great management. Still cheap relative to NAV.

BUY
BUY
October 19, 2012

Thinks there is a possibility of a dividend, but it will be relatively small. Very similar to Boardwalk (BEI.UN-T). They own apartments in Western Canada. CEO has really focused on developing properties so they tend to take a lot of the cash flow they generate, plow it back into the company and unlock a lot of value. NAV is north of $35 so feels there could be some potential upside.

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Thinks there is a possibility of a dividend, but it will be relatively small. Very similar to Boardwalk (BEI.UN-T). They own apartments in Western Canada. CEO has really focused on developing properties so they tend to take a lot of the cash flow they generate, plow it back into the company and unlock a lot of value. NAV is north of $35 so feels there could be some potential upside.

PAST TOP PICK
PAST TOP PICK
August 23, 2012

(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

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(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

(Market Call Minute.) Wish that he could own, but too small for him. Buy at $31 or better.

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(Market Call Minute.) Wish that he could own, but too small for him. Buy at $31 or better.

TOP PICK
TOP PICK
June 28, 2012
(Top Pick Jul 4/11, Up 59%) Apartment dwellings out west where all the growth is. Management is strong. Net operating income is going through the roof. It trades cheap. They get CMHC financing. They don’t pay a dividend
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(Top Pick Jul 4/11, Up 59%) Apartment dwellings out west where all the growth is. Management is strong. Net operating income is going through the roof. It trades cheap. They get CMHC financing. They don’t pay a dividend
BUY
BUY
June 4, 2012
Stock is probably worth $28-$29 so at these levels, it offers a very healthy return. Not a REIT so it doesn't pay a distribution. High quality name.
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Stock is probably worth $28-$29 so at these levels, it offers a very healthy return. Not a REIT so it doesn't pay a distribution. High quality name.
TOP PICK
TOP PICK
May 22, 2012
A real estate corp., not a REIT. It outperforms. Last quarter they blew away their numbers. They can raise rents and their interest costs are dropping every day. It is trading at a discount because it is small and does not pay a dividend. Thinks they eventually will pay a dividend.
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A real estate corp., not a REIT. It outperforms. Last quarter they blew away their numbers. They can raise rents and their interest costs are dropping every day. It is trading at a discount because it is small and does not pay a dividend. Thinks they eventually will pay a dividend.
BUY
BUY
May 1, 2012
Not a REIT, but a CORP. and has no distribution. An owner of B and some C apartments in western Ontario. Trades a a huge discount to it’s NAV. Tremendous upside. Too small for him to own.
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Not a REIT, but a CORP. and has no distribution. An owner of B and some C apartments in western Ontario. Trades a a huge discount to it’s NAV. Tremendous upside. Too small for him to own.
TOP PICK
TOP PICK
April 25, 2012
Own 2 & 3 story apartment buildings in Alberta. Net migration is coming into Alberta and the rental market is tightening up. Trades at a 20% discount to NAV. Probably worth $32-$35 over the next year. No dividend.
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Own 2 & 3 story apartment buildings in Alberta. Net migration is coming into Alberta and the rental market is tightening up. Trades at a 20% discount to NAV. Probably worth $32-$35 over the next year. No dividend.
TOP PICK
TOP PICK
March 26, 2012
Real Estate corporation. Liked it for the last 9 months. They buy under-performing apartment buildings in Alberta and retrofit them and re-rent them. Financing is cheap because they can get CMHC financing. They don’t offer a yield but he thinks they will offer one within the next year. Management owns 30% of outstanding shares. It trades at a discount to NAV.
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Real Estate corporation. Liked it for the last 9 months. They buy under-performing apartment buildings in Alberta and retrofit them and re-rent them. Financing is cheap because they can get CMHC financing. They don’t offer a yield but he thinks they will offer one within the next year. Management owns 30% of outstanding shares. It trades at a discount to NAV.
TOP PICK
TOP PICK
February 23, 2012
No dividend, but it is so incredible. They take buildings in Alberta and refurbish them and then re-lease them. Hot economy there. Trades at a discount to NAV. Will eventually pay a dividend. CMHC financing is used.
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No dividend, but it is so incredible. They take buildings in Alberta and refurbish them and then re-lease them. Hot economy there. Trades at a discount to NAV. Will eventually pay a dividend. CMHC financing is used.
TOP PICK
TOP PICK
February 14, 2012
Can't own this one because it is way too small for him. Doesn't pay a dividend, but has a lot of low hanging fruit. Half some lease up that they should be doing to continue the trend. Cash concessions used to be $85 a month but is now down to $52 and should drop to $35. Feels the stock is worth $23-$24 but if they can pick the low hanging fruit, it is worth $28-$29.
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Can't own this one because it is way too small for him. Doesn't pay a dividend, but has a lot of low hanging fruit. Half some lease up that they should be doing to continue the trend. Cash concessions used to be $85 a month but is now down to $52 and should drop to $35. Feels the stock is worth $23-$24 but if they can pick the low hanging fruit, it is worth $28-$29.
TOP PICK
TOP PICK
January 18, 2012
They acquire underperforming apartment buildings in Alberta. They reposition CapX into apartments and re-rent them out. Management is internalized and they own 30% of the company. Probably worth closer to $32-$35. Very cheap. Get their funding from CMHC which is the cheapest way to do it.
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They acquire underperforming apartment buildings in Alberta. They reposition CapX into apartments and re-rent them out. Management is internalized and they own 30% of the company. Probably worth closer to $32-$35. Very cheap. Get their funding from CMHC which is the cheapest way to do it.
PARTIAL SELL
PARTIAL SELL
January 6, 2012
Has moved up a lot. Looks like it wants to top right here for a bit. If you own, you might to consider selling a little bit because you have done so well. On the other hand, it has a very entrepreneurial owner and there is still a chance you get dividends declared.
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Has moved up a lot. Looks like it wants to top right here for a bit. If you own, you might to consider selling a little bit because you have done so well. On the other hand, it has a very entrepreneurial owner and there is still a chance you get dividends declared.
TOP PICK
TOP PICK
December 21, 2011
(A Top Pick Jan 18/11. Up 45.63%.) Unique in that it is a corporation, not a REIT. They don't pay a dividend. Have grown from 272 apartment units in 1998 to about 7800 units with a net equity capital of $10 million. Focused in Western Canada. Appraised value of $42.80 a share and he thinks it will get to the $33 range. No dividend.
Show full opinionHide full opinion
(A Top Pick Jan 18/11. Up 45.63%.) Unique in that it is a corporation, not a REIT. They don't pay a dividend. Have grown from 272 apartment units in 1998 to about 7800 units with a net equity capital of $10 million. Focused in Western Canada. Appraised value of $42.80 a share and he thinks it will get to the $33 range. No dividend.
Showing 31 to 45 of 67 entries