Mainstreet Equity Corp

MEQ-T

Analysis and Opinions about MEQ-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
November 16, 2011
Own a lot of assets out West. Own apartment buildings and they buy “Ma and Pa” 3-4 story apartment buildings and renovate them. Get tremendous growth in their net operating income. Trades at a discount to NAV of about 25%. Wouldn’t be surprised to see it at $25 by end of 2012. Management owns 20% of outstanding shares.
Show full opinionHide full opinion
Own a lot of assets out West. Own apartment buildings and they buy “Ma and Pa” 3-4 story apartment buildings and renovate them. Get tremendous growth in their net operating income. Trades at a discount to NAV of about 25%. Wouldn’t be surprised to see it at $25 by end of 2012. Management owns 20% of outstanding shares.
TOP PICK
TOP PICK
October 11, 2011
Good management. 30% of management-owned shares. Renovate and reposition apartment buildings in Alberta. CMHC financing. Beat estimates last time aggressively. No destitution. Management adds value to properties.
Show full opinionHide full opinion
Good management. 30% of management-owned shares. Renovate and reposition apartment buildings in Alberta. CMHC financing. Beat estimates last time aggressively. No destitution. Management adds value to properties.
TOP PICK
TOP PICK
September 26, 2011
(A Top Pick July 29/10. Up 52.81%.) Management owns 40%. Value $25-$30. Apartments focused in Western Canada. No dividend. Grown from less than 300 units in 1998 to about 7500 today. True value creator. Worth $25-$30 a share.
Show full opinionHide full opinion
(A Top Pick July 29/10. Up 52.81%.) Management owns 40%. Value $25-$30. Apartments focused in Western Canada. No dividend. Grown from less than 300 units in 1998 to about 7500 today. True value creator. Worth $25-$30 a share.
TOP PICK
TOP PICK
September 8, 2011
Purchase and refurbish old apartment buildings in Alberta where vacancy rates are dropping. Starting to get some pricing power. Really cheap on NAV value. Don't pay out anything but use their free cash flow to continue growing the bottom line. Management owns 30% of outstanding stock.
Show full opinionHide full opinion
Purchase and refurbish old apartment buildings in Alberta where vacancy rates are dropping. Starting to get some pricing power. Really cheap on NAV value. Don't pay out anything but use their free cash flow to continue growing the bottom line. Management owns 30% of outstanding stock.
BUY
BUY
August 12, 2011
Apartments in Sask. Big in Edmonton, Calgary and a little in Ontario and BC. Rents have gone down in Alberta. Situation is improving, however. Growing cash flow. Barry any surprises in the market it should be going up. 21% YTD.
Show full opinionHide full opinion
Apartments in Sask. Big in Edmonton, Calgary and a little in Ontario and BC. Rents have gone down in Alberta. Situation is improving, however. Growing cash flow. Barry any surprises in the market it should be going up. 21% YTD.
TOP PICK
TOP PICK
August 10, 2011
Real estate company that focuses on apartments in Alberta. Great at transitioning old apartment buildings. Recently blew away numbers. Management owns 30% of the float. Trades at a discount to its NAV. $23 over the next 6 months.
Show full opinionHide full opinion
Real estate company that focuses on apartments in Alberta. Great at transitioning old apartment buildings. Recently blew away numbers. Management owns 30% of the float. Trades at a discount to its NAV. $23 over the next 6 months.
TOP PICK
TOP PICK
July 4, 2011
Buy up smaller apartment units in Alberta and Saskatchewan. 30% management owned. Funds from Operation (FFO) increased by 100% from last year and 50% going into next year. Doesn't pay a dividend because they are still developing their pipeline but probably will in the next 12-18 months. Good capital gains play. Cheap trading at 1.1X price to NAV where it should trade at 1.2 or 1.3.
Show full opinionHide full opinion
Buy up smaller apartment units in Alberta and Saskatchewan. 30% management owned. Funds from Operation (FFO) increased by 100% from last year and 50% going into next year. Doesn't pay a dividend because they are still developing their pipeline but probably will in the next 12-18 months. Good capital gains play. Cheap trading at 1.1X price to NAV where it should trade at 1.2 or 1.3.
TOP PICK
TOP PICK
June 21, 2011
(A Top Pick Jan 18/11. Up 6.67%.) Focused on the acquisition of under managed, beat up apartments. NAV is in the $25 range. Significantly undervalued and worth between $24-$30 a share. Had some operational challenges but bringing down their high vacancy rate. A steal at these prices.
Show full opinionHide full opinion
(A Top Pick Jan 18/11. Up 6.67%.) Focused on the acquisition of under managed, beat up apartments. NAV is in the $25 range. Significantly undervalued and worth between $24-$30 a share. Had some operational challenges but bringing down their high vacancy rate. A steal at these prices.
TOP PICK
TOP PICK
March 22, 2011
Apartments. Take terrible 3 story buildings and totally renovate them. 11% vacancy because of this. All of the numbers are improving. No distribution, just growth, a bit of risk.
Show full opinionHide full opinion
Apartments. Take terrible 3 story buildings and totally renovate them. 11% vacancy because of this. All of the numbers are improving. No distribution, just growth, a bit of risk.
TOP PICK
TOP PICK
January 18, 2011
Trading at a deep discount to its net asset value. They are market creators. They look for beat up apartments, they go in and fix them up and re-tenant them. They re-finance them and they generate cash flow. They suffered from occupancy weakness a year ago. Believes their vacancy rate is still going lower.
Show full opinionHide full opinion
Trading at a deep discount to its net asset value. They are market creators. They look for beat up apartments, they go in and fix them up and re-tenant them. They re-finance them and they generate cash flow. They suffered from occupancy weakness a year ago. Believes their vacancy rate is still going lower.
BUY
BUY
November 17, 2010
No chance of getting taken out. Did a substantial issuer bid, which was why he sold it. Great value creation chain. He loves this. Doesn’t see chance of a dividend.
Show full opinionHide full opinion
No chance of getting taken out. Did a substantial issuer bid, which was why he sold it. Great value creation chain. He loves this. Doesn’t see chance of a dividend.
PAST TOP PICK
PAST TOP PICK
November 5, 2010
(Top Pick Jul 28/10, Up 18%) Apartment business in western Canada. They are true value creators. Started with 298 apartments in 1998 to over 6500 today. Is significantly undervalued.
Show full opinionHide full opinion
(Top Pick Jul 28/10, Up 18%) Apartment business in western Canada. They are true value creators. Started with 298 apartments in 1998 to over 6500 today. Is significantly undervalued.
TOP PICK
TOP PICK
July 28, 2010
Apartments. Grown from 300 units to 6500 units with a net equity contribution of $10 million. Focus on mid-market properties, above “Ma and Pa” but below institutions. Properties are beat up and need physical or operational improvements, which they do, and then take their equity out. NAV of $16-$18 and have $15 million of unencumbered properties. Sees it trading at 40% discount to its NAV.
Show full opinionHide full opinion
Apartments. Grown from 300 units to 6500 units with a net equity contribution of $10 million. Focus on mid-market properties, above “Ma and Pa” but below institutions. Properties are beat up and need physical or operational improvements, which they do, and then take their equity out. NAV of $16-$18 and have $15 million of unencumbered properties. Sees it trading at 40% discount to its NAV.
BUY
BUY
June 25, 2009
Apartment company based mainly in Calgary and moving into Saskatchewan. Take 3rd grade smaller apartments and upgrade them. All apartments in Alberta are being challenged. Smart management. Very illiquid.
Show full opinionHide full opinion
Apartment company based mainly in Calgary and moving into Saskatchewan. Take 3rd grade smaller apartments and upgrade them. All apartments in Alberta are being challenged. Smart management. Very illiquid.
BUY
BUY
June 3, 2009
Focused on buying B & C assets in Calgary, Victoria and Saskatoon. Management owns 40% and has shown a knack for finding markets that are just about to boom. No distributions.
Show full opinionHide full opinion
Focused on buying B & C assets in Calgary, Victoria and Saskatoon. Management owns 40% and has shown a knack for finding markets that are just about to boom. No distributions.
Showing 46 to 60 of 67 entries